The Ghanaian cedi is showing signs of strengthening against key foreign currencies, according to the latest exchange rate update released by the Bank of Ghana on Friday, May 16, 2025.
The official interbank rates, reflecting transactions conducted by commercial banks at the close of business on Thursday, May 15, indicate improved performance of the local currency against the US dollar, British pound, and the euro.
The cedi was trading at an average buying rate of 12.3938 against the US dollar, with a selling rate of 12.4062.
Against the British pound, the cedi recorded a buying rate of 16.4664 and a selling rate of 16.4841.
