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Ghana's cedi gains 7.44% against the dollar, reaching GH₵13.50, fueled by reduced dollar demand and gold reserves.
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.
This surge was fueled by reduced demand for dollars, bolstered by the Bank of Ghana's gold reserves and higher gold prices.
The Bank of Ghana's Governor, Dr. Johnson Asiama, attributed the gains to intentional management, while cautioning against excessive volatility.
Despite optimism, analysts warn that the cedi's strength could be temporary due to ongoing economic and trade uncertainties.
Ghana's government is also working on stabilizing the currency with IMF support and reducing government arrears.
El cedi de Ghana gana un 7.44% frente al dólar, alcanzando GH13.50, impulsado por la reducida demanda de dólares y las reservas de oro.