The Ghanaian cedi showed improved performance against major foreign currencies as of Tuesday, May 27, 2025, with the Bank of Ghana’s interbank rates reflecting a notable appreciation.
According to official figures, the cedi is trading at GH¢10.3948 to the US dollar on the buying market and GH¢10.4052 on the selling market.
This marks a slight but significant gain in value compared to recent weeks, offering a measure of relief to importers, businesses, and consumers concerned about inflation and pricing stability.
The cedi also gained ground against the British pound, which was being bought at GH¢14.0964 and sold at GH¢14.1115, and the euro, trading at GH¢11.8288 for buying and GH¢11.8395 for selling.
Analysts attribute the cedi’s current stability to tightened fiscal measures, Bank of Ghana’s consistent market interventions, and increased foreign inflows, including proceeds from cocoa syndicated loans and remittances.
Market watchers are cautiously optimistic, noting that while this trend is positive, long-term stability will depend on structural reforms and continued policy discipline.
The exchange rates reflect the average interbank trading figures used by commercial banks as of the close of business on Monday, May 26, 2025.
