• Latest
  • Trending
Cedi starts 2025 on a declining note with 2% depreciation

Cedi starts 2025 on a declining note with 2% depreciation

January 25, 2025
Govt launches API-PNR systems to boost air safety and border security

Govt launches API-PNR systems to boost air safety and border security

August 4, 2025
Fire Guts Accra Tourist Information Centre: No Casualties Reported

Fire guts Accra Tourist Information Centre: No casualties reported

August 4, 2025
2025/26 Ghana Premier League Fixtures released [Full Schedule]

2025/26 Ghana Premier League Fixtures released [Full Schedule]

August 4, 2025
NDC holds parliamentary primaries in Akwatia today, August 4, ahead of September by-election

NDC holds parliamentary primaries in Akwatia today, August 4, ahead of September by-election

August 4, 2025
Thomas Partey set to sign for a new club in Spain

Thomas Partey set to sign for a new club in Spain

August 4, 2025
Ghana Education Service Warns Public Against Fake Recruitment Adverts and Appointment Letters

Ghana Education Service warns public against fake recruitment adverts and appointment letters

August 4, 2025
FIFA approves extension of Ghana Football Association Presidential Term Limit to three terms

FIFA approves extension of Ghana Football Association Presidential Term Limit to three terms

August 4, 2025
Government to Announce New Cocoa Producer Price Today

Government to announce new cocoa producer price today

August 4, 2025
Josh Nunoo

The Pool of Grace: Josh Nunoo launches Book at Gloryville Church

August 4, 2025
Paul & Linda Mante Launch Five Transformational Books to Equip Ghanaians for Financial Independence and Stronger Marriages

Paul & Linda Mante Launch Five Transformational Books to Equip Ghanaians for Financial Independence and Stronger Marriages

August 4, 2025
Ghana Mourns: Ghanaians gather at Independence Square for Daddy Lumba Candlelight Vigil

Ghana Mourns: Ghanaians gather at Independence Square for Daddy Lumba Candlelight Vigil

August 3, 2025
President Mahama to host Africa Health Sovereignty Summit in Accra

President Mahama to host Africa Health Sovereignty Summit in Accra

August 3, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Cedi starts 2025 on a declining note with 2% depreciation

in News, Top Story
Cedi starts 2025 on a declining note with 2% depreciation

Cedi starts 2025 on a declining note with 2% depreciation

Share on FacebookShare on TwitterShare on Whatsapp

The cedi began 2025 with an average depreciation of 2% against major trading currencies, highlighting ongoing challenges in stabilizing the local currency.

According to the Bank of Ghana’s latest Summary of Economic and Financial Data, the cedi weakened by 2.4% against the US dollar, 3.0% against the euro, and 0.8% against the British pound as of January 2025. Official exchange rates place the cedi at GHS 15.06 per dollar, GHS 15.69 per euro, and GHS 18.55 per pound.

However, forex market rates are higher, with the dollar trading between GHS 15.90 and GHS 16.20, further driving up import costs and external transaction expenses.

The depreciation is largely attributed to increased demand for foreign exchange, fueled by import activity and external debt servicing. Other contributing factors include tightening global financial conditions, fiscal imbalances, and high inflation.

To address the pressures, the government and the central bank are expected to focus on boosting foreign exchange reserves. Industry experts also recommend measures such as export diversification, reducing import dependency, and implementing prudent fiscal policies to stabilize the currency and support economic recovery.

The cedi’s performance will remain a key barometer of Ghana’s economic challenges throughout 2025.

Tags: CediDepreciationGhana

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

I will not be the puppet of the GFA president – Newly elected GHALCA Chairman John Ansah

Next Post

Parliament to begin vetting final batch of ministerial nominees on January 28

Next Post
Parliament to begin vetting final batch of ministerial nominees on January 28

Parliament to begin vetting final batch of ministerial nominees on January 28

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Govt launches API-PNR systems to boost air safety and border security
  • Fire guts Accra Tourist Information Centre: No casualties reported
  • 2025/26 Ghana Premier League Fixtures released [Full Schedule]
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.