The Ghanaian cedi is showing continued stability against major international currencies, particularly the US dollar, as it maintains relatively narrow margins on the interbank market.
According to the Bank of Ghana’s daily update, as of July 16, 2025, the cedi is trading at:
GH¢10.39 (buying) and GH¢10.40 (selling) against the US dollar
GH¢13.92 (buying) and GH¢13.93 (selling) against the British pound
GH¢12.07 (buying) and GH¢12.08 (selling) against the euro
However, retail market and forex bureau figures suggest slightly higher rates. Checks by Tuntum Network via cedirates.com at 7:40 AM show:
Dollar: GH¢11.95
Pound Sterling: GH¢16.35
Euro: GH¢14.25
This disparity highlights the ongoing divergence between official rates and retail rates, often influenced by demand, availability, and operational costs in the parallel market.
Meanwhile, Bank of Ghana Governor, Dr. Johnson Pandit Asiama, has reiterated that the cedi’s performance in 2025 is unprecedented, noting a 42% appreciation in the first half of the year. He attributed this to Ghana’s strong $4.14 billion trade surplus, $11.1 billion in reserves, and monetary policy interventions.
“This appreciation reflects the strength of our current account and the effective management of foreign exchange inflows,” Dr. Asiama stated at a recent financial forum.
Despite the positive trajectory, he warned that sustaining the gains will depend on curbing dollarization, boosting export repatriation, and managing seasonal import pressures in the months ahead.
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