Cedi Holds Steady at GH¢10.30 to $1 Amid Dollar Demand

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Ghana’s local currency, the cedi, is showing signs of resilience as it maintained a stable exchange rate of GH¢10.30 to $1 on the interbank market as of Wednesday, June 19, 2025. This performance continues the modest gains observed earlier in the week.

While the interbank market remains relatively calm, forex traders in Accra report higher retail rates, with the dollar being sold at around GH¢10.50 to GH¢10.65. The variance is largely attributed to increased demand for foreign currency by importers and businesses settling international obligations.

Meanwhile, the cedi has also recorded slight appreciation against the euro and the British pound, supported by improved market sentiment and ongoing interventions by the Bank of Ghana. Analysts warn, however, that the currency’s stability could be tested in the coming weeks by pressures from the global market and domestic fiscal needs.

“The stability is encouraging, but Ghana needs sustained fiscal discipline and export-driven inflows to build lasting resilience,” said an economist with a local investment firm.

Cedi Holds Steady at GH¢10.30 to $1 Amid Dollar Demand

The cedi has been volatile in recent years but regained ground in early 2025 due to tighter monetary policies, inflows from key exports like cocoa and gold, and disbursements under the IMF programme.

Read Also: Explainer: Why one dollar can’t be one cedi

Author

  • Daniel Ablordey

    Daniel Ablordey is a Business Analytics student at the University of Ghana Business School and an emerging strategist at the intersection of data, markets, and narrative. With a keen analytical mind and a passion for African business and economic trends, he is building a career focused on translating complex data-driven insights into accessible, decision-relevant stories that matter.

    As a writer and editor with Insight Ghana, African Business Insight, and The African Journal, Daniel delivers sharp, high-impact analysis on current affairs, business developments, and emerging trends across the continent. His work is defined by precision, clarity, and a deep commitment to responsible journalism — ensuring that every story he tells is not only accurate but meaningful to the audiences it serves.

    Beyond his editorial work, Daniel serves as an Ecobank Youth Ambassador, where he actively promotes financial inclusion, digital banking, and financial literacy among young Ghanaians. His leadership experience spans academic, professional, and faith-based institutions, where he has consistently driven initiatives centered on growth, structure, and long-term impact.

    Grounded in the principles of Pan-Africanism and service, Daniel brings a rare combination of analytical rigour and storytelling depth to his work. Whether unpacking market behavior, profiling emerging business leaders, or covering cultural shifts shaping the continent, he approaches every assignment with strategic intent and editorial integrity.

    His broader ambition is to contribute to Africa’s transformation by shaping how data, business, and storytelling intersect — not just locally, but on a global stage.

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Daniel Amenyo Ablordey
Daniel Ablordey is a Business Analytics student at the University of Ghana Business School and an emerging strategist at the intersection of data, markets, and narrative. With a keen analytical mind and a passion for African business and economic trends, he is building a career focused on translating complex data-driven insights into accessible, decision-relevant stories that matter. As a writer and editor with Insight Ghana, African Business Insight, and The African Journal, Daniel delivers sharp, high-impact analysis on current affairs, business developments, and emerging trends across the continent. His work is defined by precision, clarity, and a deep commitment to responsible journalism — ensuring that every story he tells is not only accurate but meaningful to the audiences it serves. Beyond his editorial work, Daniel serves as an Ecobank Youth Ambassador, where he actively promotes financial inclusion, digital banking, and financial literacy among young Ghanaians. His leadership experience spans academic, professional, and faith-based institutions, where he has consistently driven initiatives centered on growth, structure, and long-term impact. Grounded in the principles of Pan-Africanism and service, Daniel brings a rare combination of analytical rigour and storytelling depth to his work. Whether unpacking market behavior, profiling emerging business leaders, or covering cultural shifts shaping the continent, he approaches every assignment with strategic intent and editorial integrity. His broader ambition is to contribute to Africa’s transformation by shaping how data, business, and storytelling intersect — not just locally, but on a global stage.