The Ghana Cedi continued its stable performance against major foreign currencies on Monday, May 11, 2026, with the Bank of Ghana’s official exchange rate showing the local currency buying at GH¢11.2694 to one US dollar and selling at GH¢11.2806.
According to the Bank of Ghana rates, the British Pound was buying at GH¢15.3556 and selling at GH¢15.3721.
The latest figures indicate little movement from Friday, May 9, when the Cedi traded at GH¢11.2692 to the dollar on the buying market and GH¢11.2804 on the selling market.
The sustained stability of the Ghana Cedi has attracted growing recognition for Ghana as a leading destination for financial stability, safety, and economic growth in Africa.
Governor of the Bank of Ghana, Dr. Johnson Asiama, attributed the performance of the local currency to timely policy interventions and strengthened regulatory measures implemented over the past year.
Speaking during the closing session of the 3i Africa Summit in Accra on Friday, May 8, Dr. Asiama said the Cedi had appreciated against major international currencies while key economic indicators continued to improve.
He disclosed that inflation declined to 3.4 percent in April 2026, describing it as one of the lowest rates recorded since Ghana adopted inflation targeting.
According to him, Ghana’s economy also recorded an annual GDP growth rate of 6.0 percent in 2025.
Dr. Asiama further highlighted major reforms undertaken by the central bank, including amendments to the Bank of Ghana Act aimed at promoting greater independence and accountability.
He also referenced the passage of the Virtual Asset Service Providers Act, 2025 (Act 1154), which he said provides a clear regulatory framework for the development of digital finance in Ghana.
Additionally, he noted that the Bank of Ghana has introduced a Directive for Digital Credit Service Providers to regulate digital lenders and amended the Cyber and Information Security Directive to strengthen resilience against cyber threats within the financial ecosystem.
