Currency News – Week 43 [October 27, 2025]

The Cedi opened the week, posting diverging results as it fell across the board against the Dollar, the Pound, and the Euro on the Open Forex Market (oanda.com), whilst showing some level of minimal resilience against the three on the Bank of Ghana (BoG) inter-bank trading platform. The Cedi’s performance at the start of the week signals the local currency attempting to stabilize, after embarking on a roller coaster ride over the past three weeks, with the local unit clawing back nearly 15.0% of its year-to-date losses suffered in the third quarter of the year.

The Cedi’s recent rally has been supported by improved forex liquidity from Ghana’s central bank following the announcement of a temporary shift from the traditional bi-weekly forex auctions to more enhanced spot sales to commercial banks. The local unit’s improving outlook was further sustained by the visiting IMF mission team reaching a staff-level agreement with the Ghanaian government, and also the upgrade of Ghana’s sovereign ratings by Moody’s. Despite the Cedi beginning to show signs of cooling off, it is expected to remain stable in the remainder of the year as investors look up to the release of funds from the IMF under the Extended Credit Facility programme later in the year.

On the BoG inter-bank trading platform, the Cedi was unchanged against the Dollar, trading at GHS 10.8054 at the start of this week and last week. Against the Pound and the Euro, the Cedi edged up by 0.63% and 0.16% to open the week at trade values of GHS 14.4079 and GHS 12.5767 from last week’s opening trade quotes of GHS 14.4987 and GHS 12.5966, respectively. The Pound struggled against a host of currencies after the annual rate of Britain’s consumer price inflation remained at 3.8% for the third month running, undershooting forecasts for a rise.

On the Open Forex Market (oanda.com), the Cedi dipped by 0.75%, 0.08%, and 0.58%, having been exchanged for GHS 10.8489, GHS 14.4640, and GHS 12.6258 at the start of the week from last week’s opening trade quotes of GHS 10.7684, GHS 14.4522, and GHS 12.5526 against the Dollar, the Pound, and the Euro, respectively. The Euro rose against a set of trading pairs after data showed that Germany’s private sector recorded its strongest growth in over two years this month, bolstered by a robust rise in services activities.

The Cedi was quoted at GHC 14.7074 on the first trading day of the year against the Dollar and is currently being sold at GHS 10.8054, indicating a Year-to-Date (YTD) gain of 26.53% on the BoG inter-bank trading platform. It is also presently being quoted at GHS 10.8489 on the Open Forex Market (oanda.com) after opening the year at GHS 14.7134, indicating a YTD gain of 26.27%.