The Ghana cedi posted mixed performance over the past two weeks, weakening slightly on the interbank market while posting modest gains across retail channels.
It closed at GH¢10.50 to one US dollar on the interbank market, down 0.67% over the two-week period.
In the retail market, the local currency remained stable at GH¢11.90, recording a modest bi-weekly gain of 0.84%.
The pound and euro also advanced to GH¢15.75 against a pound and GH¢13.60 to a euro, recording respective gains of 1.27% and 1.10%.
On a month-on-month basis, the cedi remained broadly steady against the US dollar in July 2025, with retail market year-to-date gains improving from 23.71% at end-June 2025 to 30.46% at end-July 2025.
Databank Research said it views the cedi’s stability in July 2025 as largely anchored by reinforced regulatory measures from the Bank of Ghana.
“Despite weaker foreign inflows relative to June, the Bank of Ghana’s 7-day forward auctions played a critical role in aligning market expectations by actively responding to mounting bids”, it added.
The directive requiring shipping firms to use interbank-aligned exchange rates for invoicing helped curb speculative pricing and addressed concerns of possible arbitrage flagged by the authorities.
“Looking ahead we expect near-term stability to persist as muted dollar recovery amid fresh Trump tariffs offsets mild domestic pressures”, Databank Research added.
Meanwhile, the cedi opened this week going for GH¢11.90 to one dollar at the forex bureaus. On the interbank market, it is trading at GH¢10.45 to an American greenback.
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