Per the Bank of Ghana (BoG) rate on Friday, August 22, the Cedi was buying at 10.9445 and selling at 10.9555 to a Dollar.
The Pound Sterling was buying at 14.6865 and selling at 14.7022.
Euro is buying at 12.7045 and selling at 12.7171.
On Thursday, August 21, the Cedi was buying at 10.8146 and selling at 10.8254 to a dollar.
The recent marginal depreciation of the Cedi has raised concerns among the trading public.
This matter has led to the Head of the Business and Economic Bureau of the Ghana Union of Traders’ Associations (GUTA) urging traders to remain calm, assuring that the current decline is not severe enough to disrupt market stability.
Speaking to 3Business on Tuesday, 18 August 2025, Charles Kusi Appiah Kubi, Head of GUTA’s Business and Economic Bureau, said“We have done analyses, and we have come to a conclusion that the cedi has appreciated overall. The decline from the past week is less than 4%, so its effect is nothing for us to worry about,” he stated.
Mr Kubi also encouraged the BoG to make enough forex available to meet trade demand.
“We are encouraging the Bank of Ghana, through the commercial banks, to make sure there is enough forex to meet trade demand so that we can manage speculation,” he said.
The comments come at a time when some importers and traders have expressed anxiety over the cedi’s movement, fearing price instability and potential supply chain disruptions.
GUTA maintains that with the right monetary interventions, market confidence can be sustained even amid global economic uncertainties.
Source:Lovinghananews.com
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