Ghana Keeps Rates Steady With Cedi Rally Set to Tame Inflation

Ghana Keeps Rates Steady With Cedi Rally Set to Tame Inflation

Ghana’s central bank kept its key interest rate on hold to maintain downward pressure on inflation, which is expected to get a boost from the West African nation’s world-beating currency.

Cedi Stability: You’ll soon see adjustment in prices of goods and services – Asiama

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has assured Ghanaians and the general public that they will soon see adjustments in prices of goods and services so long as there is competition. This follows the appreciation of the Cedi against the Dollar. Asked when Ghanaians are to expect price predictions on the market following the stability of the local currency, Dr Asiama answered during the 124th Monetary Policy Committee (MPC) pre…

The BOG Decides: Monetary Policy Rate Maintained at 28%

The Monetary Policy Committee of the Bank of Ghana has kept the lending rate at 28% citing the current level of inflation which “remains high relative to the medium-term target”, despite the positive developments that have happened domestically. The decision to maintain the policy rate was reached unanimously at the MPC’s 124th meeting which concluded […]

Cedi firms up to sell at GH¢10.83 to $1

Ghana’s local currency, the cedi, continues its upward momentum on the interbank market, registering notable gains against major trading currencies, particularly the US dollar. According to Bloomberg data sighted by GhanaWeb Business on Friday May 23, 2025, the cedi is currently selling at GH¢10.83 to the dollar on the interbank market as of 12:25 GMT, […] The post Cedi firms up to sell at GH¢10.83 to $1 appeared first on Ghanamma.com.

Navigating Ghana’s Economic Horizon – Monetary Policy In A Sea Of Positive Signals

The writer   The Monetary Policy Committee (MPC) meeting occurs against a backdrop of encouraging developments for the Ghanaian economy. The recent appreciation of the Ghana Cedi against the major currencies especially the US Dollar, the notable dip in inflation from 22.4 percent in March to 21.2 percent in April, and the positive upgrade from rating agencies paint a picture of cautious optimism. Juxtaposing these domestic improvements with the …

Ghana cedi shows stability, trades at GHS11.63 per dollar

The Ghanaian cedi is showing signs of sustained strength against major international currencies, according to the latest interbank exchange rates released by the Bank of Ghana. As of the close of business on Thursday, May 22, 2025, the cedi traded at: GHS11.6242 (buying) and GHS11.6358 (selling) against the US dollar GHS15.6090 (buying) and GHS15.6257 (selling) against the British pound GHS13.1157 (buying) and GHS13.1287 (selling) against the e…