The Ghanaian cedi is expected to appreciate further next week. As of late May 2025, the cedi has been on a strong upward trajectory, driven by robust remittance inflows and sustained support from the Bank of Ghana. It recently broke the GH¢12.00 barrier, trading at approximately GH¢11.70 to the US dollar on the interbank market.
This appreciation is part of a broader trend in 2025, with the cedi gaining 24.1% against the US dollar in the first five months of the year. Factors contributing to this rally include increased foreign exchange inflows, monetary tightening, and improved market confidence.
Norvan Reports
Looking ahead, while the cedi is projected to maintain its strength through the third quarter, some analysts caution that depreciation pressures may emerge in the fourth quarter due to potential external shocks and fiscal challenges.
In summary, the cedi is poised to continue its appreciation in the immediate term, supported by favorable economic indicators and central bank interventions.
Cedi’s Continued Strength and Economic Implications
