Ghana’s Cedi Sees Slight Appreciation Against Major Trading Currencies
Ghana’s local currency, the cedi, has experienced a slight appreciation on the interbank market against major trading currencies, particularly the US dollar.
The latest update from the Bank of Ghana indicates that the cedi is currently trading at a buying price of GH¢10.29 and a selling price of GH¢10.30 to the dollar. This positive trend is welcome news for the Ghanaian economy.
Other major currencies are also being traded at favorable rates, with the British pound being bought at GH¢13.90 and sold at GH¢13.92, while the euro is trading at a buying price of GH¢11.87 and a selling price of GH¢11.88.
Despite the positive performance on the interbank market, some forex bureaus are quoting higher rates for the cedi. As of June 18, 2025, at 8:40 AM, the Ghanaian currency was selling at GH¢12.00 to the dollar in certain retail outlets. The pound and euro were also being traded at GH¢16.90 and GH¢14.75, respectively.
In a bid to further stabilize the cedi, the Bank of Ghana has announced that Ghana is set to receive \$360 million from the International Monetary Fund (IMF) in July 2025. This injection of funds is expected to boost the country’s foreign reserves and support the local currency.
