{"id":94306,"date":"2025-09-15T20:40:49","date_gmt":"2025-09-15T20:40:49","guid":{"rendered":"https:\/\/sotnews.agency\/?p=94306"},"modified":"2025-09-15T20:40:49","modified_gmt":"2025-09-15T20:40:49","slug":"cedi-to-record-modest-stability-this-week-one-dollar-going-for-gh%c2%a213-60","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=94306","title":{"rendered":"Cedi to record modest stability this week; one dollar going for GH\u00a213.60"},"content":{"rendered":"
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The Ghana cedi is expected to record a modest stability as positive sentiment builds on the back of the World Bank\u2019s US$360 million concessional loan.<\/p>\n

This will come amid a stronger forex support further anchoring this outlook.<\/p>\n

However, the upcoming Monetary Policy Committee decisions, particularly a cautious US rate cut to address softening labour data, will be pivotal in shaping US dollar Ghana cedi sentiments.<\/p>\n

Last week, the cedi came under sustained depreciation over the two-week assessment period across both the interbank and retail markets.<\/p>\n

In the interbank market, the currency fell further, weakening from a midrate of GH\u00a211.40 to GH\u00a212.15 per US dollar.<\/p>\n

The pound and euro also declined by 6.41% and 6.28%, settling at GH\u00a216.45 and GH\u00a214.23, respectively.<\/p>\n

In the retail market, the cedi posted a 6.72% loss against the US dollar, closing at a midrate of GH\u00a213.40. It also depreciated against the pound and euro, which closed at GH\u00a217.60 and GH\u00a215.45, compared to GH\u00a216.55 and GH\u00a214.35 recorded two weeks prior.<\/p>\n

\u201cThe marginal setback of the cedi, driven by heightened seasonal demand and weak sentiment, confirms our earlier expectations of near-term pressure during this period. We believe this trend was fuelled by bearish expectations, delayed FX [forex] supply interventions, and the drag from capital controls on FX transactions\u201d, Databank Research said.<\/p>\n

\u201cLooking ahead, we expect modest stability as positive sentiment builds on the back of the World Bank\u2019s US$300 million concessional loan, with stronger FX [forex] support further anchoring this outlook\u201d, it added.<\/p>\n

Meanwhile, the cedi started this week going GH\u00a213.60 against the dollar at the forex bureaus. On the interbank market, it is selling at GH\u00a212.20.<\/p>\n

It\u2019s year-to-date gain now stands at 16.29% to the American greenback.<\/p>\n<\/div>\n

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\"Cedi\u201cThe marginal setback of the cedi, driven by heightened seasonal demand and weak sentiment, confirms our earlier expectations of near-term pressure during this period. We believe this trend was fuelled by bearish expectations, delayed FX [forex] supply interventions, and the drag from capital controls on FX transactions\u201d, Databank Research said.<\/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":[12,1919,2234,319,4138,3196,1978,10,9,4139],"tags":[],"class_list":["post-94306","post","type-post","status-publish","format-standard","hentry","category-business","category-cedi","category-dollar","category-economy","category-euro","category-forex","category-hp-business-1","category-politics","category-popular","category-pound"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94306","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=94306"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94306\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}