{"id":100631,"date":"2025-10-28T08:57:15","date_gmt":"2025-10-28T08:57:15","guid":{"rendered":"https:\/\/sotnews.agency\/?p=100631"},"modified":"2025-10-28T08:57:15","modified_gmt":"2025-10-28T08:57:15","slug":"cedi-records-one-of-its-strongest-performances-one-dollar-equals-gh%c2%a212-10-at-forex-bureaus","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=100631","title":{"rendered":"Cedi records one of its strongest performances; one dollar equals GH\u00a212.10 at forex bureaus"},"content":{"rendered":"
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Cedi records one of its strongest performances; one dollar equals GH\u00a212.10 at forex bureaus<\/p>\n

The Ghana cedi posted one of its strongest performances in recent months over the two-week review period.<\/p>\n

This was supported by improved market sentiment and steady central bank interventions.<\/p>\n

It appreciated to GH\u00a210.85 per US dollar (+9.68%), GH\u00a214.42 per pound (+10.00%), and GH\u00a212.61 per euro (+9.16%) on the interbank market.<\/p>\n

Retail market activity reflected similar momentum, with the cedi advancing 6.53% against the US dollar to close at GH\u00a212.25 from GH\u00a213.05, 5.54% against the pound to GH\u00a216.25 from GH\u00a27.15, and 5.26% against the euro to GH\u00a214.25 from GH\u00a215.00.<\/p>\n

Over the past two weeks, the cedi has clawed back most of its losses as enhanced foreign exchange liquidity from the central bank has eased negative sentiment, likely triggering sell-offs by some market participants to unwind earlier high positions.<\/p>\n

This corrective reaction most likely fuelled the sharp appreciation.<\/p>\n

\u201cIn the coming weeks, we expect relative stability following the release of pent-up market momentum. Sustained foreign exchange inflows and renewed confidence ahead of the budget presentation should anchor this outlook. With gold\u2019s reclassification as a top-tier liquidity asset under Basel III \u2018Endgame\u2019 reforms and shifting reserve preferences among central banks, confidence in hard assets has strengthened\u201d, Databank Research said.<\/p>\n

\u00a0Together with the expected US$385 million disbursement in December 2025, its near-term outlook for a stronger cedi remains firm.<\/p>\n

Meanwhile, the local currency started this week recording some further gains against the US Dollar.<\/p>\n

It is going for GH\u00a212.10 to one American greenback in the retail market.<\/p>\n

Its year-to-date gain stands at 28.84% to one US dollar.<\/p>\n<\/div>\n

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Cedi records one of its strongest performances; one dollar equals GH\u00a212.10 at forex bureaus The Ghana cedi posted one of its strongest performances in recent months over the two-week review period. This was supported by improved market sentiment and steady central bank interventions. It appreciated to GH\u00a210.85 per US dollar (+9.68%), GH\u00a214.42 per pound (+10.00%), [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12,1919,319,4138,10,9,4139],"tags":[],"class_list":["post-100631","post","type-post","status-publish","format-standard","hentry","category-business","category-cedi","category-economy","category-euro","category-politics","category-popular","category-pound"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/100631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100631"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/100631\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}