Cedi Weakens Slightly To GH¢11.64 per Dollar As BoG Releases Monday Exchange Rate

According to a report by TV3Gh, on Monday October 26, 2026, Ghana’s cedi has recorded a marginal depreciation against the United States dollar, with the local currency buying at GH¢11.6442 and selling at GH¢11.6558 to the dollar on Monday, October 26, 2026, according to the Bank of Ghana’s (BoG) official exchange rate.

The latest figures indicate a slight weakening of the cedi compared with the rates recorded on Friday, October 23, when the currency was buying at GH¢11.5992 and selling at GH¢11.6108 per dollar.

The movement represents a modest decline in the local currency’s value against the greenback at the beginning of the new trading week, highlighting the continued fluctuations in Ghana’s foreign exchange market.

Despite the latest depreciation, the cedi’s performance comes against the backdrop of broader improvements in Ghana’s economic conditions, including a recovery against major international currencies and an increase in the country’s external reserves.

Bank of Ghana Governor Dr Johnson Pandit Asiama has expressed optimism about the country’s economic outlook, pointing to the cedi’s broader recovery and improvements in economic activity across several sectors.

Speaking at the launch of the Ghana Investment Promotion Centre’s (GIPC) 2025 Annual Investment Report, Dr Asiama said Ghana had recorded a significant recovery in its currency against major international currencies, alongside stronger external reserves and renewed momentum in economic activity.

He noted that the country’s growth was becoming increasingly broad-based, with improvements in the services and agricultural sectors supporting a gradual recovery in industry.

“These developments have contributed to creating a more stable and predictable environment for businesses and investors,” he said.

The governor’s comments reflect the central bank’s broader assessment that improvements in macroeconomic conditions and the availability of foreign exchange are important to maintaining confidence in the local currency.

The cedi’s latest movement against the dollar will remain an important indicator for businesses, importers, exporters and consumers who depend on foreign exchange for commercial transactions.

A weaker cedi can increase the local currency cost of imported goods, raw materials, fuel and other products priced in dollars.

Depending on how long the depreciation persists and how businesses respond, these increases can put pressure on operating costs and consumer prices.

Conversely, a relatively stable currency can help businesses plan their transactions more confidently and reduce uncertainty surrounding the cost of imports and foreign obligations.

For businesses with dollar-denominated payments, even modest exchange-rate changes can affect budgets and purchasing decisions, particularly when transactions involve large amounts of foreign currency.

The cedi’s performance also remains relevant to Ghana’s broader efforts to maintain economic stability, strengthen investor confidence and manage inflationary pressures.

Although the latest Bank of Ghana figures show a slight depreciation, the broader economic indicators highlighted by Dr Asiama point to improvements in reserves, sectoral activity and the overall business environment.

The direction of the cedi in the coming weeks will depend on several factors, including foreign exchange demand and supply, export earnings, capital flows and developments in international currency markets.

The central bank’s assessment of stronger external reserves is particularly important because reserves help support the country’s capacity to meet external payment obligations and manage foreign exchange pressures.

However, the latest figures underline that gains in the currency’s broader performance do not necessarily eliminate short-term fluctuations.

As trading continues, market participants will be watching developments in foreign exchange supply and demand to determine whether the cedi’s latest movement represents a temporary adjustment or the beginning of a more sustained trend.

For now, the Bank of Ghana’s Monday exchange rate places the dollar at GH¢11.6442 on the buying side and GH¢11.6558 on the selling side, compared with Friday’s lower rates, reflecting a marginal depreciation at the start of the week.

Beast_dread feedback-opera-news-app@opera.com