Ghana’s currency, the cedi, has made slight improvements against major foreign currencies, including the dollar, at some forex bureaus.

Currently, $1 is being exchanged for an average of GH¢15.12, compared to GH¢16.16 last month. For the Euro, it’s selling at GH¢18.99, while the pound is going for GH¢15.78 on average.

The Bank of Ghana shared that as of December 24, 2024, the cedi’s official rate is GH¢14.64 to buy $1 and GH¢14.65 to sell it.

The pound is being bought at GH¢18.35 and sold at GH¢18.37, while the Euro is going for GH¢15.21 to buy and GH¢15.23 to sell.

On December 27, 2024, checks showed that at 8:00 AM, the cedi was trading at GH¢15.85 to the dollar, GH¢19.70 to the pound, and GH¢16.70 to the Euro at some key forex bureaus.

Despite these slight improvements, the cedi’s overall decline against major currencies continues to add pressure to Ghana’s struggling economy.

To address this, the Bank of Ghana has injected over $200 million into the economy to stabilize the cedi.