Source Ghanamediatrend
Business News Ghana
Ghanaians rejoice as the cedi hits GH¢11 and gains significant strength against the US Dollar.
On Wednesday, May 21, 2025, the Ghanaian cedi reached a new exchange rate, with the US dollar now trading at GH¢11.90 in the local foreign exchange market, as reported by Bloomberg’s latest update.
This development follows a period of volatility that left many questioning the stability of the currency and the country’s economic future.
The improvement in the cedi’s exchange rate comes at a time when Ghanaians are hopeful for better financial conditions amid various economic challenges.
The appreciation has been welcomed by businesses, traders, and ordinary citizens alike, many of whom are confident about the potential benefits, such as reduced import costs and a positive impact on the general cost of living.
In the wake of the cedi’s surge, some have praised the policies and interventions of President John Dramani Mahama’s administration, suggesting that the positive trend can be linked to efforts made during his tenure.
While there is still cautious confidence, the recent performance of the cedi has rekindled hope for Ghana’s economy, with many looking forward to continued improvements in the exchange rate and overall economic stability.
The public's reaction is cautious confidence, with many people expecting that these rates of progress will persist.
