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.

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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.

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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.

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