The Ghanaian cedi is demonstrating continued strength on the interbank market, showing consistent appreciation against major international trading currencies, most notably the US dollar. This positive trend indicates a strengthening of Ghana’s local currency.
According to the latest daily update from the Bank of Ghana, the cedi is currently trading at a competitive rate against the dollar, with a buying price of GH¢10.34 and a selling price of GH¢10.35. This favorable exchange rate is also reflected against other key currencies. The British pound is being bought at GH¢14.06 and sold at GH¢14.08, while the euro is trading at a buying price of GH¢11.96 and a selling price of GH¢11.97.
Further independent checks conducted by GhanaWeb Business on June 16, 2025, at 8:00 AM, confirm the cedi’s strong performance in the retail market. Across various forex bureaus in the country, the cedi was observed trading at GH¢11.95 to the dollar, while the pound was selling at GH¢16.70. The euro also showed a robust exchange rate, trading at GH¢14.60 on the retail market.
This positive momentum for the cedi is anticipated to receive a further boost. The Bank of Ghana has announced that Ghana is expected to receive an injection of $360 million from the International Monetary Fund (IMF) in June 2025. This significant financial inflow is specifically aimed at providing additional support and contributing to the continued stabilization of the cedi, reinforcing its current upward trajectory.
Source: http://thepressradio.com
