The cedi has gained value recently when compared to other major trading currencies, particularly the US dollar.

Frank Annoh-Dompreh, a member of parliament for Nsawam-Adoagyiri, claims that the value of the local currency in relation to the dollar has increased by 61%.

He asserted that the strengthening of the cedi will be another another historic achievement for Ghana.

He stated, "The Cedi has gained 61% of its value versus the $," in a tweet seen by GhanaWeb.Another historic achievement is about to happen!Yes, Ghana, we can.

As of Monday, December 26, 2022, the Ghana cedi is trading against the dollar at a purchasing price of 8.2988 and a selling price of 8.3088 according to the Bank of Ghana's interbank exchange rates.

At a forex bureau in Accra, the dollar is being bought at a rate of 10.00 and sold at a rate of 11.50.

Against the Pound Sterling, the Cedi is trading at a buying price of 10.0200 and a selling price of 10.0325 as compared to yesterday’s trading of a buying price of 9.9633 and a selling price of 9.9741.

At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.00 and sold at a rate of 14.50.