The Ghanaian cedi is showing signs of sustained strength against major international currencies, according to the latest interbank exchange rates released by the Bank of Ghana.
As of the close of business on Thursday, May 22, 2025, the cedi traded at: GHS11.6242 (buying) and GHS11.6358 (selling) against the US dollar GHS15.6090 (buying) and GHS15.6257 (selling) against the British pound GHS13.1157 (buying) and GHS13.1287 (selling) against the euro These figures reflect a relatively stable performance by the local currency amid ongoing economic adjustments and efforts by the central bank to maintain monetary stability.
Market analysts suggest that the cedi's firm stance may be attributed to improved foreign currency inflows, a disciplined fiscal environment, and the Bank of Ghana's strategic interventions in the forex market.
This performance also reflects a moderation in the pace of depreciation compared to the same period last year, when the cedi recorded sharper declines.
