File photo of a cedi note
The Ghana cedi has crossed the GH¢12 mark on the interbank exchange market.
This is the first time since May 2025, following a period of consistent appreciation against the US dollar.
As of Monday, September 8, 2025, Bank of Ghana published rates indicate that the cedi is trading at over GH¢12 to the dollar, reflecting renewed pressure on the local currency amid persistent economic challenges and high demand for foreign exchange.
Despite headline inflation dropping marginally, the cedi continues to struggle on both the interbank and forex markets, depreciating steadily against the dollar.
‘Not everyone was happy with cedi gains’ – BoG
The depreciation is expected to impact fuel prices at the pump in the upcoming pricing windows, increase the cost of living, and likely complicate the government’s quest to achieve single-digit inflation by the end of the year.
Here’s how the cedi is faring on the BoG interbank market as of 5:00 PM, September 8, 2025:
• Dollar – Buying at GH¢12.04, Selling at GH¢12.05
• Pound – Buying at GH¢16.31, Selling at GH¢16.33
• Euro – Buying at GH¢14.15, Selling at GH¢14.16
SP/MA
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