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flag Ghana's cedi gains 7.44% against the dollar, reaching GH₵13.50, fueled by reduced dollar demand and gold reserves.

flag On May 6, 2025, Ghana's cedi strengthened against the US dollar, reaching GH₵13.50 on the interbank market, up 7.44% from April 2025. flag This surge was fueled by reduced demand for dollars, bolstered by the Bank of Ghana's gold reserves and higher gold prices. flag The Bank of Ghana's Governor, Dr. Johnson Asiama, attributed the gains to intentional management, while cautioning against excessive volatility. flag Despite optimism, analysts warn that the cedi's strength could be temporary due to ongoing economic and trade uncertainties. flag Ghana's government is also working on stabilizing the currency with IMF support and reducing government arrears.

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