The Ghana cedi (GHS) is currently trading at a rate of GH¢11.12 to the US dollar, according to the latest BoG reference rates, reflecting a sustained recovery following initial setbacks. The pound sterling is currently valued at GH¢15.17, while the euro trades at GH¢12.99. These figures represent a significant shift compared to the previous rates for August 21, which showed a slight weakening against the dollar and pound sterling, while the euro movement remained marginal. Reuters had previously indicated a potential pressure on the cedi as corporate demand for foreign currency continues to outpace supply. The latest data indicates a noticeable recovery against major international currencies, bolstered by strengthened external reserves and increasing economic activity across diverse sectors, according to BoG Governor Dr. Johnson Pandit Asiama at the launch of the Ghana Investment Promotion (GIPC) 2025 Annual Investment Report. He emphasized that the cedi’s recovery has been accompanied by a strengthening of external reserves and increased economic activity, particularly in sectors like services and agriculture. The GIPC report revealed that Ghana recorded new investments valued at approximately US$2.61 billion across 253 projects in 2025, a figure reflecting renewed confidence in Ghana’s economic prospects despite global uncertainties. Dr. Asiama underscored that investment, at its core, follows confidence, highlighting the importance of policies perceived as credible, institutions as dependable, and economic conditions as predictable for investors seeking stable environments. Furthermore, the BoG noted that domestic investor participation has increased, with 71 wholly Ghanaian-owned projects valued at nearly US$686 million contributing to this renewed confidence. The BoG exchange rates as of today are: GH¢11.12 to USD, GH¢15.17 to GBP, and GH¢12.99 to EUR. The BoG’s continued focus on maintaining stability and predictability for businesses and investors underscores the importance of these factors in fostering a favorable economic environment. The report also highlights a growing trend of investment, particularly from Ghanaian-owned enterprises, signaling a commitment to sustained economic growth and development within Ghana. The BoG’s efforts are aimed at attracting both domestic and foreign investment, contributing to a robust and resilient economy. Further analysis suggests a continued focus on improving infrastructure and strengthening regulatory frameworks to support long-term economic prosperity. The BoG’s commitment to transparency and robust financial management is expected to remain a key element of its strategy.
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