The Ghanaian cedi’s value is under scrutiny, with a slight dip in its exchange rate against the US dollar. As of November 21, 2025, the cedi closed the week at GH¢11.08 to $1 on the interbank market, revealing the challenges it faces against dominant foreign currencies.
But here’s the government’s response: Ghana’s Finance Minister, Dr. Cassiel Ato Forson, promises a 1.5% primary surplus of GDP in 2026, demonstrating a strong dedication to fiscal responsibility. This move aims to tackle the currency’s struggles. However, the question remains: will this be enough to stabilize the cedi’s position?
Dr. Forson also highlighted a projected fiscal deficit of 2.2% of GDP on a commitment basis and 4% on a cash basis. This strategy, he argues, balances economic growth with fiscal consolidation, ensuring financial stability while investing in vital development initiatives.
And this is where it gets interesting: the Minister proudly proclaimed that inflation is back to single digits. But is this a cause for celebration, or are there underlying concerns?
Let’s look at the cedi’s performance on the Bank of Ghana interbank market:
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US Dollar: Buying at GH¢11.07, Selling at GH¢11.08
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British Pound: Buying at GH¢14.48, Selling at GH¢14.50
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Euro: Buying at GH¢12.75, Selling at GH¢12.77
Now, the forex bureaus tell a slightly different story:
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US Dollar: Buying at GH¢11.80, Selling at GH¢12.20
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British Pound: Buying at GH¢15.30, Selling at GH¢16.20
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Euro: Buying at GH¢13.30, Selling at GH¢14.20
So, what’s your take on Ghana’s economic situation? Is the government’s approach sufficient to bolster the cedi’s strength, or are there other factors at play? Share your thoughts in the comments below!