Cedi appreciates 21% against dollar as of September 2025, but loses 19% in value since July
The Ghana cedi has appreciated by 21.0% against the US dollar in nine months of 2025.
However, the local currency lost about 19% in value between late July 2025 and September 2025, after recording 40.5% appreciation as of July 2025.
According to the Bank of Ghana’s September 2025 Summary of Economic and Financial Data, the cedi traded at GH¢12.15 to one US dollar on the interbank market. However, in the retail market, the cedi is going for about GH¢13.60 t one American greenback.
In May 2025, the local currency gained 43% in value to the American greenback since January 1, 2025.
Similarly, the cedi appreciated by 42.6% against dollar in June 2025 and 40.5% in July 2025.
It also appreciated by 6.9% to the euro on the interbank market in September 2025, going for GH¢14.23. However, it lost a huge value between July and September 2025.
For the pound, the cedi also gained 11.8% in value. It consequently sold at GH¢14.23 on the interbank market.
Cedi Remains One of Best-Performing Currencies
Despite the recent setback, the Bank of Ghana Governor, Dr Johnson Asiama, said the cedi remains one of the best-performing currencies in the world, highlighting, the usual seasonal trade pressures and a recent dip in remittance inflows.
