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The Ghanaian cedi has strengthened against the US dollar, appreciating GHS 11.90 per $1 as of May 21, 2025, a notable improvement from its earlier levels near GHS 15 this month.
This upward trend, highlighted by Google Finance and Morningstar data, marks growing confidence in Ghana’s economic recovery.
Experts attribute the cedi’s rebound to increased foreign exchange inflows, tighter monetary policies by the Bank of Ghana, and renewed investor confidence following macroeconomic reforms under the NDC-led administration of President John Dramani Mahama.
Key drivers include improved export earnings from cocoa, gold, and oil; successful engagements with international creditors under the IMF program; and signs of easing inflation.
