The Ghana cedi recorded a strong performance against major foreign currencies in the first seven months of 2025, appreciating by 40.7% against the US dollar.
According to the latest data from the Bank of Ghana’s Summary of Economic and Financial Data for the period ending July 2025, as of July, the cedi was trading at GH¢10.45 to the US dollar on the interbank market.
The local currency gained significant ground in May, appreciating by 43% against the dollar, and maintained momentum in June with a 42.6% gain.
The cedi also strengthened against other major currencies. It appreciated by 25.6% and 24.2% against the euro, trading at GH¢12.11 and GH¢12.25 on the interbank market in June and July, respectively.
Against the British pound, the cedi gained 30.3% and 31.2%, in June and July, with the exchange rate currently standing at GH¢14.02.
Over the past two weeks, the cedi has held firm against the dollar and other major currencies. It closed at a mid-rate of GH¢10.48 per US dollar on the interbank market, reflecting a marginal 0.47% depreciation. On the retail market, the cedi is trading at an average mid-rate of GH¢12.00 per dollar.
Year-to-date, the cedi has appreciated by 29.38% against the dollar.
In recent months, the local currency, has been on an upward trajectory.
It opened the year trading at approximately GH¢15 to the US dollar, but has since strengthened to around GH¢10.45 on the interbank market.
Government has attributed the cedi’s rebound to improved macroeconomic fundamentals, higher export earnings, and renewed investor confidence in the Ghanaian economy.
Finance Minister, Dr. Ato Forson, presenting the Mid-year Budget review last week said the Cedi’s appreciation is already translating into price stability, with marginal declines observed in the prices of certain imported goods.
He assured Ghanaians that the government is committed to maintaining the gains made so far and further stabilising the economy.
