Fitch Options has identified that the current positive factors of the Ghana cedi will maintain by 2025 and 2026.
In accordance with the UK-based agency, the Financial institution of Ghana’s stable worldwide reserves of US$7.9 billion underpinned by traditionally excessive gold costs help its view.
In an article, “What Our Shoppers Need to Know: Sub-Saharan Africa Q3 [Quarter 3] 2025 Macroeconomic Replace”, it nevertheless warned {that a} decline in gold value might put stress on the native forex.
“A hypothetical decline in gold costs, which might doubtlessly be triggered by a sudden easing of geopolitical tensions, would shortly erode Ghana’s export earnings, push the present account again into deficit, and undermine reserve adequacy.”
“In such a state of affairs, the central financial institution would wrestle to defend the cedi and would probably be compelled to let the forex weaken”, it added.
Cedi Appreciated by 40% Towards Greenback in 7-Months of 2025
In accordance with the Financial institution of Ghana, the Ghana cedi appreciated by 40.7% towards the US greenback within the first seven months of 2025.
The July 2025 Abstract of Financial and Monetary Knowledge indicated that it traded at GH¢10.45 to at least one US greenback on the interbank market.
In Could 2025, the native forex appreciated by 43% towards the American greenback.
Equally, the cedi appreciated by 42.6% towards the greenback in June 2025.
It additionally appreciated by 24.2% to the euro on the interbank market in June 2025, going for GH¢12.25.
For the pound, the cedi additionally gained 31.2% in worth. It consequently bought at GH¢14.02 the interbank market.
Presently, the cedi goes for GH¢10.50 to at least one US greenback on the interbank market and GH¢12 within the retail market.
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