Ghana’s local currency, the cedi, has extended its upward momentum on the interbank market, recording strong gains against major trading currencies, particularly the US dollar.
As of 4:00 p.m. on Thursday, October 16, 2025, the Ghana cedi was trading at approximately GH¢10.62 to the US dollar, according to Bloomberg data sighted by GhanaWeb Business.
This marks a significant appreciation from earlier in the month, when the cedi crossed the GH¢12 mark to a dollar.
Cedi gains ground, trading at GH¢11.25 to $1
The Bank of Ghana’s official interbank mid-rate for the same day stood at GH¢11.25 per US dollar.
The cedi’s strong recovery comes amid tighter monetary policy conditions and renewed investor confidence.
The Bank of Ghana has reiterated its commitment to anchoring inflation expectations and ensuring a gradual build-up of foreign exchange reserves.
SP/MA