Ghanaian Cedi Depreciates Sharply Against Major Currencies, Raising Economic Concerns

  

The Bank of Ghana has reported a significant depreciation of the Ghanaian cedi against key international currencies, sparking concerns over rising costs of imports, remittances, and overall economic stability. 

The central bank’s latest daily exchange rate data, reflecting interbank transactions, show that the local currency continues to weaken against the US Dollar, British Pound, and Euro.

Against the US Dollar, the cedi is trading at a buying rate of ¢10.9345 and a selling rate of ¢10.9455. 

This sustained decline adds pressure on businesses and individuals who rely on dollar-denominated transactions, including importers, exporters, and companies engaged in international trade. READ MORE.....................

https://ghmonitor.blogspot.com/2026/03/ghanaian-cedi-depreciates-sharply.html