Audio By Carbonatix
The Ghana cedi gained 24.1% against the US dollar in the first five months of 2025.
This is compared with a loss of 5.3% in the first quarter of 2025.
According to the Bank of Ghana, the local currency traded at a rate of GH¢11.85 in May 2025 to the American greenback in the interbank market.
In April 2025, the local currency gained 3.9% in value to the American greenback.
Similarly, the cedi appreciated by 14.1% against the euro in the interbank market in May 2025, going for GH¢13.33.
For the pound, the cedi also gained 16.2% in value. It consequently sold at GH¢15.74 the interbank market.
Last week, the local unit appreciated by 2.3% week-on-week versus the US dollar, taking its year-to-date to 17.7% in the retail market.
It also appreciated 3.5% against the pound and 3.7% against the euro respectively.
This follows an injection of a total of US$425.50 million by the Bank of Ghana into the retail market.
Latest Stories
-
Thailand suspends new gun permits after mass shooting
7 minutes -
France bans unsolicited telemarketing calls
16 minutes -
Anne Hathaway pokes fun at ‘fake baby bump’ theories
25 minutes -
The Office actress Lucy Davis says she has ‘incurable’ cancer
34 minutes -
Pogba expected to have Monaco contract terminated
42 minutes -
Doku ‘not against’ journalist who criticised him at World Cup
49 minutes -
Obuasi court remands 2 teachers over alleged attack on SHS headmaster
58 minutes -
Mason jailed eight years for robbing pharmacist
1 hour -
Big Push probe: Presidential staffer challenges Fourth Estate’s report on Valerie Sawyerr committee
1 hour -
Since Gold Coast, national security has never faced an open trial – Atta Akyea
1 hour -
This is no case for junior lawyers – Atta Akyea explains why he must defend Adu-Boahene
2 hours -
Lebanon parliament votes to abolish death penalty
2 hours -
Ghana, Burkina Faso sign defence pact to secure cross-border trade corridors
2 hours -
The rise of AI in the classroom: Balancing technological innovation with critical thinking
2 hours -
Five arrested over alleged MoMo robbery syndicate in Upper West
2 hours