Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Ghana cedi depreciated by approximately 9.5% against the US dollar in the interbank market in the seven months of 2026.
This is compared with the 40% appreciation in July 2025. According to the July 2026 Summary of Economic and Financial Data by the Bank of Ghana, the cedi traded at GH¢11.55 to one American greenback in July 2026.
This is compared with GH¢10.50 during the same period in 2025. In January, the cedi depreciated by 4.6% to the US dollar, but it fared better in February 2026, losing 2.2% in value to the American greenback.
The losing streak continued, depreciating by 5.0% and 6.6% in March 2026 and April 2026, respectively.
The cedi continued to depreciate by approximately 8.4% against the US dollar in the interbank market in May 2026 and further by 10.9% and 7.9%, respectively.
Source: newsthemegh.com