The BoG says the Ghanaian currency has been performing well all year
The Bank of Ghana‘s November 2025 Summary of Economic and Financial Data indicates that the cedi has maintained a steady appreciation against the US dollar on the interbank exchange market throughout the first eleven months of 2025.
According to the BoG, the cedi has appreciated by 32% against the dollar.
In May 2025, the cedi had gained 43% in value against the dollar since January 1, 2025.
As of Wednesday, November 26, 2025, the cedi was trading at GH¢11.15 on the interbank exchange platform.
Earlier in the year, the cedi posted a historic rally, surging 43% by May, with similar gains of 42.6% in June and 40.5% in July.
However, pressures between July and September forced the currency to surrender part of its earlier strength before stabilising again in October.
Interbank Market: Cedi trading at GH¢11.15
Beyond the dollar, the cedi also strengthened against other major currencies.
It appreciated by 18.8% against the euro in November, trading at GH¢12.80, while gaining 26.4% against the British pound to close at GH¢14.55 on the interbank market.
Delivering the 2026 Budget Statement and Economic Policy in Parliament, the Minister of Finance, Dr Cassiel Ato Forson, announced that the government is targeting a primary surplus of 1.5% of GDP in 2026, signaling a firm commitment to fiscal discipline.
He emphasised that this approach underscores the government’s goal of balancing fiscal consolidation with economic growth, ensuring financial stability while continuing to invest in critical developmental projects.
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