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The Ghanaian cedi has strengthened against major trading currencies, particularly the US dollar, marking a rebound after a recent period of depreciation that saw it breach the government’s GH¢12 target on the interbank market.
As of Tuesday, October 21, 2025, data from the Bank of Ghana showed the cedi trading at GH¢10.80 to the dollar, reflecting notable gains in the local currency’s value.
Despite a sustained decline in inflation, the cedi continues to experience pressure across both interbank and forex markets, driven by demand for foreign exchange and external financing challenges.
Analysts caution that further depreciation could push up fuel prices, increase the cost of living, and complicate government efforts to bring inflation down by the end of the year.
Here’s how the cedi is faring on the BoG interbank market:
• Dollar – Buying at GH¢10.79, Selling at GH¢10.80
• Pound – Buying at GH¢14.48, Selling at GH¢14.49
• Euro – Buying at GH¢12.58, Selling at GH¢12.59
Here’s how the cedi is trading at the forex bureaus
• Dollar – Buying at GH¢11.75, Selling at GH¢12.40
• Pound – Buying at GH¢15.80, Selling at GH¢16.80
• Euro – Buying at GH¢13.70, Selling at GH¢14.60
