Cedi Stable At GH¢11.9 As BoG Cuts Policy Rate To 21.5%

The Ghana cedi is showing stability at GH¢11.9 to the dollar as the Bank of Ghana cuts its policy rate and announces new currency notes.

According to a report published by Ghanaian Times on October 20, 2026, the cedi has remained relatively stable in recent weeks, trading at around GH¢11.9 to the US dollar on the interbank market, according to Bank of Ghana data. The Governor of the Bank of Ghana, Dr Johnson Asiama, has attributed the stability to improved foreign exchange inflows from gold and cocoa, as well as the Bank’s tight monetary policy stance. The central bank has also increased its foreign reserves to cover more than four months of imports. On the policy front, the Monetary Policy Committee reduced the policy rate by 350 basis points to 21.5 percent in September, citing easing inflation pressures.

According to a report published by Citi Newsroom on October 20, 2026, the Bank of Ghana has announced plans to introduce new cedi notes and coins as part of its currency reforms. The new notes will include enhanced security features to curb counterfeiting and improve durability. The central bank says the existing notes will remain legal tender and will be gradually phased out. The Governor said the new notes will not include a GH¢500 note, dismissing rumours circulating on social media. He said the Bank is focused on maintaining price stability and ensuring the cedi remains competitive.

According to a report published by ModernGhana on October 20, 2026, the Ghana Cocoa Board has increased the producer price of cocoa from GH¢41,392 to GH¢42,400 per tonne for the 2026/2027 cocoa season, giving farmers GH¢2,650 for a 64-kilogramme bag. The new price took effect on September 25, 2026. COCOBOD Chief Executive Officer Dr Ransford Abbey announced the new price after consultations with key stakeholders in the cocoa sector, including the Ministry of Finance, cocoa farmers, licensed buying companies, hauliers and processors. The new price represents 71.18 percent of the realised gross Free On Board value, under Ghana’s new cocoa-sector reforms.

According to a report published by MyJoyOnline on October 20, 2026, Parliament is scheduled to reconvene on Tuesday, November 3, 2026, for the Third Meeting of the Second Session of the Ninth Parliament of the Fourth Republic. Speaker Alban Sumana Kingsford Bagbin announced the date in a notice issued on October 20, stating that the House would commence proceedings at 10:00 a.m. at Parliament House in Accra. The notice was issued under Order 58 of Parliament’s Standing Orders. The upcoming meeting will see lawmakers return to the House to consider legislative proposals and undertake oversight of government activities.

This report is based on verified publications by Ghanaian Times on October 20, 2026, Citi Newsroom on October 20, 2026, ModernGhana on October 20, 2026, and MyJoyOnline on October 20, 2026.

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