Ghana's cedi has shown steady improvement against major currencies, particularly the dollar, as the year wraps up.

By the end of November, the cedi sold at GH¢16.40 at some forex bureaus, compared to earlier rates of GH¢17.00.

The Bank of Ghana credits this strength to growth in the country's external sector.

On December 3, 2024, the Central Bank reported the cedi trading at GH¢15.18 (buying) and GH¢15.20 (selling).

The British Pound was bought at GH¢19.19 and sold at GH¢19.21, while the Euro traded at GH¢15.92 (buying) and GH¢15.94 (selling).

GhanaWeb Business reports, as of 8:40 AM on December 3, 2024, the cedi is trading at GH¢16.00 per dollar, GH¢20.10 per pound, and GH¢16.85 per euro at key forex bureaus.

To stabilize the cedi, the Bank of Ghana has injected over $200 million into the market.