Cedi Weakens: Interbank Market Sees Cedi at GH¢12.55 to a Dollar
The Ghanaian cedi has experienced renewed depreciation, trading at GH¢12.55 against the US dollar on the interbank market, according to rates published by the Bank of Ghana on Monday, October 7, 2025. This marks a significant shift, as the cedi has crossed the GH¢12 mark, a development unseen since May 2025. The local currency’s weakening reflects ongoing economic challenges and sustained demand for foreign exchange within the Ghanaian economy.
Impact of Cedi Depreciation
The cedi’s depreciation comes despite a marginal drop in headline inflation figures. The continuous depreciation is expected to have several adverse effects. These include an increase in fuel prices at the pump in upcoming pricing windows, which will consequently contribute to a rise in the overall cost of living for Ghanaians. Furthermore, the weakening cedi is likely to make it more challenging for the government to achieve its target of single-digit inflation by the end of the year. This economic context underscores the importance of monitoring the cedi’s performance and implementing effective fiscal and monetary policies to stabilize the currency.
The developments in the currency market and its impacts on living costs present an immediate challenge to the government. In related news, Ghana’s Environmental Protection Agency (EPA) is exploring innovative solutions, including nano-liquid technology, to combat river pollution. This focus on environmental issues is crucial, demonstrating a commitment to address broader sustainability concerns amid economic fluctuations.
Keywords
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