Speaking on the performance of the cedi, the Governor of the Bank of Ghana, Dr Johnson Asiama, attributed the relative stability of the exchange rate to a combination of policy measures and improved market conditions. Interbank Market: Cedi falls by a pesewa to trade at GH¢10.96 to $1. Dr Asiama further cited Ghana’s stronger external position, supported by elevated reserve buffers. Together, these factors have reduced excessive volatility, resulting in more predictable and orderly exchange rate movements. He added that a stronger currency has helped limit imported inflation but cautioned that sustained vigilance is required to ensure exchange rate developments continue to support overall macroeconomic stability.

Source: GhanaWeb February 03, 2026 16:37 UTC