The Ghana cedi has shown remarkable stability in the first half of 2025, trading at an average of GHS 12.4 to the US dollar, according to the Bank of Ghana. Analysts attribute this stability to the recent IMF-backed economic support program and tighter monetary policies introduced by the central bank.
Importers and exporters have welcomed the development, saying it helps with better planning and pricing. However, traders remain cautious, noting that seasonal pressures and fluctuations in global oil prices could still weigh heavily on the local currency.
The government has assured the business community that measures are being taken to ensure long-term currency stability, including boosting local production to reduce reliance on imports.