The Ghana Cedi is on a mission to match the US Dollar boot for boot as it has further gain value with a buying rate of 12.39 per dollar and a selling rate of 12.41 as of today Friday, May 16, 2025, according to the exchange rate update released by the Central Bank.
The rates provided by different banks as of May 16 shows the cedi is gradually growing in strength and with time it will become one of the best currency in the world.
The cedi is selling at Ghs16.64 against the British pound and is being bought at Ghs16.48. The Euro also sells at Ghs13.87 while the buying price stands at 13.85.
The significant rise of the cedi against major foreign currencies can be attributed to fiscal discipline by the Bank of Ghana, improved foreign exchange inflows and efforts by government to sustain the cedi all plays part in the notable increase in value of the cedi.
A significant number of Ghanaians and the business community are pleased with the appreciating trend of the cedi, with many expressing optimism that its steady rise will boost investor confidence, strengthen trade links with foreign nations, and spur economic growth.
