Hot SourceThe Ghana cedi has slipped further against the US dollar, trading at GHC11.60 to US$1 on the interbank market, according to the Bank of Ghana’s latest reference rates released on Monday, 1 September 2025.
The figure, which represents the weighted median interbank mid-rate at which commercial banks exchange foreign currency, highlights the continued depreciation of the local currency in recent weeks.
Retail customers are facing even tougher realities, with commercial banks and forex bureaus quoting between GHC11.85 and GHC12.15 per dollar, making imports, foreign tuition, and remittances more expensive.
The cedi’s slide has been linked to rising demand for dollars to finance imports, weak foreign inflows, and dampened investor confidence.
These pressures persist despite repeated assurances from the central bank that measures such as tighter monetary policy, targeted forex interventions, and the gold-for-oil programme are designed to steady the currency in the medium term.
For businesses and households, however, the depreciation translates into higher costs of goods and services, adding to the already heavy burden of inflation.
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