Cedi records strongest performance in years against major currencies

Ghana’s local currency, the cedi, has staged a remarkable recovery, registering its strongest performance in recent memory against major international currencies.

According to the Bank of Ghana’s May 2025 Summary of Economic and Financial Data, the cedi has appreciated by 24.1% against the US dollar, 16.2% against the British pound, and 14.1% against the euro—an all-time high in percentage terms.

This surge marks a significant reversal from the sharp depreciation trends that plagued the currency in previous years, offering a boost to economic confidence and easing pressure on import costs.

As of the latest data, the cedi is trading at approximately GH₵11.85 to the dollar, GH₵15.84 to the pound, and GH₵13.34 to the euro.