Cedi – GHweb

Tag: Cedi

Bank of Ghana Defends Cedi’s Remarkable Recovery Amidst Criticism

May 19, 2025

Dr. Zakaria Mumuni, the First Deputy Governor of the Bank of Ghana, has asserted that the recent appreciation of the Ghanaian cedi is not only a significant turnaround from last year’s performance but also an extraordinary achievement since the country adopted a flexible exchange rate system. “Year to date, we’ve had the cedi appreciating by...

The Ghanaian Cedi Named the World’s Best-Performing Currency

May 8, 2025

The Ghanaian Cedi was named the world’s best-performing currency by Bloomberg, appreciating nearly 16% against the US dollar since April 2025. The surge was contributed to Ghana’s lowest inflation rate in eight months, dropping to 21.2% in April from 22.4% in March. Key Factors Driving the Cedi’s Appreciation: – Reduced Import Costs: The cedi’s strength...

Ghana Cedi Gains Ground:Strengthens to GH$13.89/$ Amid Growing Economic Optimism

May 6, 2025

The Ghana cedi has continued its impressive rally against the US dollar, with the interbank market now quoting the exchange rate at GH¢13.89 to US$1. This significant appreciation from recent weeks, when the cedi hovered around GH¢15.40 to GH¢15.90 per dollar, is a welcome boost to the country’s economic outlook. Market analysts attribute the cedi’s...