The Ghanaian cedi has demonstrated relative stability against major foreign currencies in recent weeks, with the latest figures from the Bank of Ghana showing only marginal movements in the exchange rates.
According to the central bank’s daily update for Monday, June 9, 2025, the US dollar is being bought at GH¢10.2449 and sold at GH¢10.2551, reflecting minimal fluctuations from previous weeks. The pound sterling is trading at GH¢13.9207 for buying and GH¢13.9357 for selling, while the euro is being bought at GH¢11.7277 and sold at GH¢11.7383.
These rates, based on the average interbank transactions as of the close of business on Thursday, June 5, indicate that the cedi has maintained a fairly steady position on the forex market.
Market watchers have noted that the relative calm in the currency market may be attributed to recent monetary policy interventions, improved foreign inflows, and seasonal factors that have helped ease pressure on the local currency.
Although concerns about inflation and external shocks remain, the cedi’s current performance offers some breathing space for businesses and importers who are sensitive to currency volatility.
The Bank of Ghana continues to monitor developments on the currency market closely and has reiterated its commitment to maintaining exchange rate stability through prudent macroeconomic management and targeted interventions when necessary.
