Reports have indicated the cedi is currently selling above GH¢16 for the first time since November 2024.

Ghana's local currency, the cedi, experienced marginal gains against major trading currencies, especially the dollar, at some forex bureaus from October 2024.

The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH¢14.79 and selling at GH¢14.80 as of 8 am on January 14, 2025.

The British Pound is being bought at GH¢17.99 and sold at GH¢18.01.

The Euro trades at a buying price of GH¢15.10 and a selling price of GH¢15.12.

Checks by GhanaWeb Business on January 14, 2025, at 8:20 AM showed that the cedi wass trading at GH¢15.85 to the dollar, while the pound was trading at GH¢19.70 at some major forex bureaus across the country.

Additionally, the Euro is trading at GH¢16.60 on the retail market.

The Bank of Ghana, in its efforts to curb the depreciation of the cedi, sold some dollars worth over 200 million in the last quarter of 2024.

SSD/



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