The Ghana cedi has lost 4.0% in value to the US dollar in the first month of 2026.

According to the January 2026 Summary of Economic and Financial Data by the Bank of Ghana, the cedi traded at GH¢10.88 to one American greenback in January 2026.

This is compared with GH¢10.45 in December 2025.

In the retail market, the local currency sold at GH¢12.00 to one American greenback.

The cedi started 2025, losing 3.9% in value to the US dollar. The depreciation streak continued in February 2025 and March 2025, but ceased in April 2025.

In May 2025, the local currency gained 43% in value against the American greenback since January 1, 2025. The strong appreciation continued for the rest of the year, as the cedi ended 2025 with a year-to-date gain of 40.7%,

Meanwhile, the cedi lost 4.9% and 4.1% respectively to the pound and euro in January 2026.

 It traded at GH¢14.77 and GH¢12.80 to the pound and the euro respectively in the interbank market.

Cedi records mixed performance over 2-week period

Over the last two weeks, the Ghana cedi showed a mixed performance, depreciating slightly in the interbank market while strengthening in retail market.

The US dollar/Ghana cedi closed at a midrate of GH¢10.88 in the interbank market, up from GH¢10.70.

However, the pound and euro eased by 2.70% and 2.57% to close at GH¢14.78 and GH¢12.80, respectively against the cedi.

In contrast, the retail rates saw the dollar firm modestly against the cedi to GH¢11.90 from GH¢12.15, while the pound and euro strengthened by 1.58% and 2.18%, closing at midrates of GH¢15.80 and GH¢13.75, respectively.