Cedi records 32% appreciation against dollar in 11 months of 2025 – BoG

• Posted on November 26, 2025November 26, 2025
• by Nana Kwesi Coomson
• Comment

The Ghana cedi recorded a 32.2% appreciation against the US dollar in 11 months of 2025.

This is compared with 34.4% appreciation in October 2025 and 18.4% in September 2025.

According to the Bank of Ghana’s November 2025 Summary of Economic and Financial Data, the local currency traded at GH¢11.12 to the American greenback on the interbank market.

It, however, sold at GH¢12.10 to one American greenback in the retail market.

In May 2025, the local currency gained 43% in value against the American greenback since January 1, 2025.

Similarly, the cedi appreciated by 42.6% against the dollar in June 2025 and 40.5% in July 2025.

It also appreciated by 18.8% to the euro on the interbank market in November 2025, going for GH¢12.80. However, it lost a huge value between July and September 2025.

For the pound, the cedi also gained 26.4% in value. It consequently sold at GH¢14.55 on the interbank market.

Meanwhile, the cedi’s earlier rally levelled off over the past two weeks, with momentum softening across both the interbank and retail FX markets.

On the interbank market, the cedi closed at GH¢11.12 to one US dollar, reflecting a 1.80% depreciation from GH¢10.92.

The retail segment also showed a similar trend, with the cedi losing 1.24% against the dollar to GH¢ 12.10 to a dollar from GH¢11.95.