The Ghana cedi traded at a buying rate of 11.0145 and a selling rate of 11.0255 against the US dollar on Friday, April 10, according to figures from the Bank of Ghana.
Against other major currencies, the British pound was bought at 14.8079 and sold at 14.8238, while the euro traded at a buying price of 12.8977 and a selling price of 12.9105.
Speaking earlier, the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, reassured the public that slight movements in the cedi’s value are not unusual. Addressing concerns about the currency’s recent depreciation during the 128th Monetary Policy Committee press conference held in Accra on Wednesday, January 28, he explained that minor fluctuations are a normal part of currency behavior.
He noted that short-term speculative activities can sometimes influence the cedi’s performance but emphasized that such effects are temporary. He added that ongoing reforms introduced by the central bank are expected to stabilize the currency over time.
