Ghana’s Cedi Soars, Signalling Economic Recovery

Ghana’s cedi soars, signalling economic recovery

Surge in cedi currency eases Ghana's foreign debt burden

Ghana's cedi currency has jumped more than 40% versus the US dollar this year, far outperforming its African and emerging market peers, shrinking the cost of the country's foreign debt and giving it more fiscal breathing room.

Ghana’s foreign debt burden eased by surprise cedi surge

Gold windfall, IMF programme and restrictive monetary policy have helped the ‘extraordinary spike’

GSE Composite Index Rebounds Slightly Despite Weekly Losses

The Ghana Stock Exchange (GSE) closed the most recent trading session with modest gains in its benchmark index, offering some reprieve despite an overall decline over the past week. The GSE Composite Index (GSE-CI), which tracks the performance of all listed stocks on the exchange, rose by 22.89 points (0.37%) to end at 6,175.87. However, this increase came on the back of a 1-week loss of 3.28%, showing that while the market is experiencing shor…

Ghana Cedi Stabilizes at ¢10.28 Against US Dollar

The Ghana cedi is trading at ¢10.2851 to the US dollar, reflecting newfound stability after weeks of volatility, according to the Bank of Ghana's interbank exchange rates published on May 28, 2025. The local currency closed at buying/selling rates of ¢10.2749/¢10.2851 against the dollar, ¢13.8289/¢13.8438 against the British pound, and…

Ghana Cedi’s recent gains may be temporary without deeper reforms – APL explains why

Africa Policy Lens (APL), a Policy Research and Analyst Organization has commended Ghana’s recent macroeconomic progress but warned that the appreciation of the cedi could be short-lived if not supported by deeper structural reforms. According to APL, while the cedi has appreciated significantly in the first half of 2025, this has largely been driven by temporary measures. It mentioned heavy forex market interventions by the Bank of Ghana (nearl…