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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Ghana cedi will end 2025 at GH¢15.50 to one US dollar, with an annual average of GH¢15.30/US dollar, Fitch Solutions has predicted.
This is far higher than the GH¢14.00 end-of-year forecast by Absa Bank.
The local unit, however, started the year trading at GH¢15.83 to one American greenback.
In its latest report, dubbed “High Gold Prices Will Shield Ghanaian Economy From Tariff Fallout,” the UK-based firm said it expects the Bank of Ghana to focus on keeping the cedi stable, facilitated by elevated gold prices.
However, this will not be enough to preserve the stability of the cedi for the entire year.
Source: newsthemegh.com