- The Ghana Cedi started April 2025 with stability after a mixed performance in March
- On April 2, 2025, it traded at GH¢15.95 to the US dollar
- The Cedi has depreciated by 1.74% against the dollar in the retail market
The Ghana Cedi began April 2025 on a stable note after a mixed performance in March. On April 2, 2025, it traded at GH¢15.95 to the US dollar, following a slight gain the previous week.
This reflects a year-to-date depreciation of 1.74% against the dollar in the retail market, although the Cedi has lost over 5% in the interbank market.
At the end of last week’s trading, the Cedi was quoted at a mid-rate of GH¢15.80 to one dollar, supported by a reduction in foreign exchange demand. As a result, the Cedi appreciated by 0.63% week-on-week against the US dollar, 0.99% against the British pound, and 0.88% against the euro.
Ghana’s foreign exchange reserves (excluding encumbered assets) grew by 7.17% in the first two months of 2025, reaching US$6.86 billion by February 2025, up from US$6.40 billion in December 2024.
