Ghana’s local currency has maintained its recent gains against major international currencies. Get an insight on how the Ghana Cedi is currently performing against other major foreign currencies in October, 2025.
As of Monday, October 20, 2025, the BoG’s official data shows the cedi buying at GH¢10.6947 and selling at GH¢10.7054 to the US dollar. Against the British pound, the cedi is buying at GH¢14.3490 and selling at GH¢14.3644, while it trades at GH¢12.4828 (buying) and GH¢12.4941 (selling) to the euro.
Why The Ghana Cedi Is Performing Well
This steady performance reflects an ongoing recovery phase after the cedi briefly crossed the GH¢12 mark earlier this month, triggering concerns of renewed depreciation.
However, improved foreign exchange inflows from gold and cocoa exports, together with consistent central bank interventions, have been cited as major reasons for the turnaround.
Exchange Rate At Forex Bureaus
At the retail end, however, rates remain higher at most forex bureaus, where the dollar is being bought at around GH¢11.40 and sold for about GH¢12.20. The difference highlights the continued pressure in the informal market despite broader stability on the official side.
Experts View On The Ghana Cedi Performance
- According to economists, BoG’s active management of FX supply and demand through auctions and liquidity support has been key in holding the line. They also added that keeping inflation in check and sustaining export earnings will determine whether the Ghana Cedi can maintain this momentum through the final quarter of the year.
- While inflation has been trending downward, experts caution that Ghana’s “import dependent economy” still leaves the cedi vulnerable to external shocks. Therefore, any major shift in global oil prices or dollar demand could quickly affect exchange stability and push up local fuel prices.
- Still, for now, the cedi’s modest strength is a positive sign for businesses and consumers hoping for some relief from the high cost of imported goods and services.
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