Cedi moves to sell at GH¢10.35 against the dollar according to Bloomberg FX data
Ghana’s local currency, the cedi, has continued its upward trajectory, appreciating marginally to trade at GH¢10.35 to the US dollar as of 12:00 noon on May 27, 2025.
According to data from Bloomberg, this recent appreciation is part of a broader trend of currency stabilisation, supported by a combination of domestic policy reforms and favourable external conditions.
The Bank of Ghana, along with economic experts, have attributed the cedi’s strengthening to several key factors, including the establishment of the Ghana Gold Board, continued support from the International Monetary Fund (IMF), and tighter macroeconomic controls.
These measures have boosted investor confidence and contributed to the relative stability of the local currency.
Despite these positive developments, analysts caution that long-term stability depends on addressing deeper structural issues such as the country’s high import dependency and vulnerability to global commodity price fluctuations.
To sustain the cedi’s resilience, experts are urging the government to prioritise export diversification, implement more effective monetary policies, and maintain strict fiscal discipline.
SP/MA
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel