Ghana cedi exchange rate against US dollar today with its impressive run against the US dollar, currently trading at GH¢15.81 per dollar.
This steady performance marks a significant moment in Ghana’s foreign exchange market, reflecting ongoing efforts by the Bank of Ghana and the government to stabilize the local currency.
Ghana cedi exchange rate against US dollar today (JoyNews Report)
Cedi continues strong run against dollar; One dollar equals GH¢15.81#JoyNews pic.twitter.com/pbS8nwaZ02
— JoyNews (@JoyNewsOnTV) February 4, 2025
The cedi’s resilience comes amid improved forex inflows, strategic monetary policies, and increased investor confidence in Ghana’s economic recovery. Analysts believe that factors such as the recent IMF-backed economic program, tightened fiscal discipline, and a boost in export earnings have contributed to the cedi’s sustained strength against the dollar.
Despite this positive trend, financial experts caution that external economic pressures, including global oil price fluctuations and US monetary policy decisions, could still impact the cedi’s trajectory. Ghanaians and businesses, however, remain hopeful that the local currency will maintain its stability, easing inflationary pressures and promoting economic growth.
