Ghana’s Cedi Comeback: USD/GHS Crashes 25%, Temporary Bounce or Turning Point?
Ghana's main currency, the Cedi, is seeing a substantial resurgence, owing to better sentiment, gold accumulation, and trade policy changes.
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Last updated: Wednesday, June 4, 2025
Quick overview
- Ghana's cedi has rebounded nearly 20% since mid-April, trading at GHC12.35 per dollar after years of depreciation.
- The currency's surge is attributed to increased gold reserves and new agreements with mining companies to purchase gold in local currency.
- Global market dynamics, including easing US-China trade tensions and favorable interest rate comments, have also contributed to the cedi's strength.
- Despite the positive momentum, Ghana faces structural vulnerabilities that could threaten the sustainability of this currency appreciation.
Ghana’s main currency, the Cedi, is seeing a substantial resurgence, owing to better sentiment, gold accumulation, and trade policy changes.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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