Ghana’s local currency, the cedi, has made an impressive turnaround on the forex market, registering record gains against its major trading currencies.
According to the latest Summary of Economic and Financial Data released by the Bank of Ghana (BoG) in May 2025, the cedi has appreciated by 24.1% against the US dollar, 16.2% against the British pound, and 14.1% against the euro—marking its strongest performance in years.