PriceWaterhouseCoopers (PwC) Ghana expects the Cedi to remain broadly stable over the medium term, despite recent pressure on the local currency.
PwC Ghana Country Senior Partner, Vish Ashiagbor, said although the cedi has experienced some depreciation in recent weeks, interventions by the Bank of Ghana to improve dollar liquidity have helped stabilise the foreign exchange market and reinforce confidence in the currency’s outlook.
Speaking to the media on the sidelines of the launch of PwC Ghana’s 2026 Banking Survey, Vish Ashiagbor noted that the central bank’s recent dollar injections have eased pressure on the cedi and are expected to support exchange rate stability.
“We’ve seen the cedi come under a little bit of pressure recently, but we’ve also seen in the last couple of days Bank of Ghana injecting some dollars into the market to stabilise the cedi. From a medium-term point of view, we continue to believe that the cedi will continue to operate within its current trading band,” he said.
His comments come after the Bank of Ghana injected US$2.01 billion into the foreign exchange market in June 2026 to meet rising demand for dollars and support the cedi.
The intervention comprised US$1.2 billion through the Forex Intermediation Programme and an additional US$811 million under the Bank’s FX Intervention Programme.
