The Ghana cedi has posted an impressive recovery against major international currencies, appreciating by 40.7% against the US dollar in the first seven months of 2025.
According to the Bank of Ghana’s Summary of Economic and Financial Data for July 2025, the cedi was trading at GH¢10.45 to the dollar on the interbank market as of the end of July.
This marks a significant rebound from the start of the year, when the currency hovered around GH¢15 to the dollar.
The cedi’s strongest gains were recorded in May, with a 43% appreciation, followed by a 42.6% rise in June. The local currency also made notable strides against other major currencies.
The cedi appreciated against the Euro by 25.6% and 24.2% in June and July, respectively, with interbank exchange rates of GH¢12.11 and GH¢12.25. It also strengthened against the British Pound, gaining 30.3% in June and 31.2% in July. The pound is currently trading at GH¢14.02.
Over the past two weeks, the cedi has largely held its ground, closing at a mid-rate of GH¢10.48 per dollar on the interbank market, a slight 0.47% depreciation. On the retail market, it is averaging GH¢12.00 per dollar.
So far in 2025, the cedi has appreciated by 29.38% against the dollar.
Government officials credit the currency’s performance to improved macroeconomic stability, stronger export revenues, and renewed investor confidence in Ghana’s economy.
