The Ghana cedi recorded a mixed performance in the retail and interbank markets over the two-week review period.

In the interbank market, the cedi weakened against the major currencies, with the US dollar Ghana cedi mid-rate rising 1.53% to GH¢11.39 from GH¢11.22. The cedi also depreciated to the pound and euro by 2.53% and 1.31% to GH¢15.21 and GH¢13.03, respectively.

In contrast, the retail market remained relatively resilient, with the cedi appreciating 0.42% against the US dollar to GH¢12.00 while gaining 2.24% and 2.58% against the pound and euro to GH¢15.65 and GH¢13.55, respectively.

 Despite earlier strong central bank support, the cedi did not break through GH¢11.00/US dollar, slightly overshooting Databank Research’s GH¢10.9 forecast and suggesting a soft floor that reflects the balance between stability and export competitiveness.

As intervention eased against steady demand, the currency drifted back toward the GH¢11.39/US dollar area.

“We still see a positive near-term outlook ahead of the Mid-Year Budget Review, though the expected August -September rise in container imports could add pressure. Under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), we expect the central bank to focus on reserve accumulation while smoothing seasonal FX volatility to support longer-term stability”, it added.

Meanwhile, the cedi began the week going for GH¢12.10 against the dollar.

It has since January 1, 2026 appreciated by 1.46% against the dollar in the retail market.