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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
The Ghana cedi depreciated by approximately 8.4% against the US dollar in the interbank market in the first five months of 2026.
This is compared with the 6.6% depreciation in April 2025. According to the May 2026 Summary of Economic and Financial Data by the Bank of Ghana, the cedi traded at GH¢11.41 to one American greenback in May 2026.
This is compared with GH¢10.28 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.
Nonetheless, in the retail market, the local currency has gained about 1.67% in value against the US dollar since January 1, 2026.
Source: newsthemegh.com