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Cedi’s mid-year gains halved as appreciation to dollar slows to 21%.
The rapid appreciation of the cedi against the U.S. dollar has slowed sharply – halving from its mid-year peak as market pressures weigh on the currency.
The cedi has gained 21% year-to-date as of September 2025, compared with a 42.6% rally recorded in June, Bank of Ghana data shows.
The local unit traded at GH¢12.15 per dollar on the interbank market in September, down from its strongest levels earlier this year.
Between June and September, the cedi lost nearly 20% in value which has erased part of its earlier gains that had propelled it to the top of global currency rankings.
Performance against other major currencies was however mixed. Read More
