Currency News Report – Week 51 [December 22, 2025]

The Ghanaian Cedi looked poised to halt its weekly losses against its three major trading partner currencies, opening the week with a rebound against the Dollar, the Pound, and the Euro on the Bank of Ghana (BoG) inter-bank trading platform, its first gain across the board over the past seven weeks. On the Open Forex Market (oanda.com), the Cedi was mixed against the set of three, rising against the Dollar and the Euro but failing to register any gains against the Pound. This, however, signals the Cedi attempting to end its recent losing streak.

The Cedi’s gains at the start of the week come on the back of news that the Executive Board of the International Monetary Fund has approved the fifth review of Ghana’s Extended Credit Facility (ECF) programme with the Fund. This approval signifies Ghana’s progress toward achieving macroeconomic stability, maintaining tight fiscal discipline, and an economy on a steady recovery path. This announcement is also expected to trigger the release of the next tranche of funds under the ECF programme, in the region of USD 385 million, to boost the already elaborate forex reserves. Also supporting the local units’ recovery is the increase in remittances from Ghanaians living abroad who are seeking to send funds to their families back home. These developments are expected to sustain the Cedi in the remaining few days of the year as well as in the coming year.

On the BoG inter-bank trading platform, the Cedi traded up, soaring by 0.61%, 0.16%, and 0.58% to open the week trading at GHS 11.4257, GHS 15.3687, and GHS 13.4401 from last week’s opening trade quotes of GHS 11.4957, GHS 15.3928, and GHS 13.5191 against the Dollar, the Pound, and the Euro, respectively. The Pound was sold against some of its trading pairs, hurt by last Thursday’s decision by the Bank of England to lower interest rates to 3.75% from 4.0% after a sharp slowdown in the last inflation reading.

On the Open Forex Market (oanda.com), the Cedi appreciated by 0.12% and GHS 0.17%, having been exchanged for GHS 11.4878 and GHS 13.4864 at the start of the week from last week’s opening trade quotes of GHS 11.5018 and GHS 13.5091 against the Dollar and the Euro, respectively. The Dollar showed weakness against a basket of trading pairs after the release of the delayed US consumer price data, which showed inflation cooling more than expected in November, with the annual headline rate easing to 2.7%, reinforcing expectations that the US Fed could begin cutting rates early next year.

The Cedi was quoted at GHC 14.7074 on the first trading day of the year against the Dollar and is currently being sold at GHS 11.4257, indicating a Year-to-Date (YTD) gain of 22.31% on the BoG inter-bank trading platform. It is also presently being quoted at GHS 11.4878 on the Open Forex Market (oanda.com) after opening the year at GHS 14.7134, indicating a YTD gain of 21.92%.