The Ghanaian cedi has regained strength, now trading at GH₵11.9 to the U.S. dollar after briefly slipping to nearly GH₵13 in recent weeks. According to the Bank of Ghana, the earlier depreciation was driven by seasonal import demands ahead of Christmas and expectations of increased government spending before the elections. To stabilize the currency, the central bank injected $1.15 billion into the market to boost foreign exchange liquidity and reduce volatility. Despite short-term fluctuations, the cedi remains Africa’s top-performing currency in 2025, appreciating over 20% since January, as highlighted in…
Read MoreCedi Strengthens to ₵11.9 Against the Dollar Amid BoG Intervention
