The Ghanaian cedi is showing signs of renewed stability, appreciating slightly against major foreign currencies in recent trading, according to the Bank of Ghana’s interbank exchange rate data published on Monday, May 26, 2025.
As of the close of business on Friday, May 23, the cedi was trading at GHS 10.9445 to the US dollar (buying rate) and GHS 10.9555 (selling rate)—a modest improvement compared to recent weeks when the dollar crossed the 11-cedi mark at some commercial banks.
Against the British pound sterling, the cedi stood at GHS 14.7707 (buying) and GHS 14.7866 (selling). For the euro, rates were GHS 12.4051 (buying) and GHS 12.4174 (selling).
The marginal gains are seen by analysts as a positive signal of market confidence and a potential effect of recent interventions by the Bank of Ghana aimed at managing inflation and stabilizing the currency market. Some observers also point to seasonal inflows and improved export receipts as contributing factors.
While the cedi remains under pressure from external economic conditions and domestic demand for foreign exchange, its current trajectory offers hope to importers, investors, and consumers who have felt the pinch of currency depreciation in recent months.
Market watchers will be keeping a close eye on whether the central bank can sustain these gains in the weeks ahead, particularly with fiscal measures and international reserves also under scrutiny.
