The Bank of Ghana’s latest rates show the cedi buying at GH¢10.97 and selling at GH¢10.98 to the US dollar on Monday, February 9 ,amid ongoing volatility.
The Pound is buying at 14.92 and selling at 14.94, and the Euro buys at 12.96 and sells at 12.97.
Earlier, BoG Governor Dr. Johnson Asiama downplayed recent depreciation as normal and short-term. Speaking at the 128th Monetary Policy Committee press conference in Accra on January 28, he said: “Don’t get worried if you see the cedi moving a little bit it’s normal. Speculative behaviour can move the cedi. It’s more of a short-term factor, but it will fall in line. We have announced a number of reforms.”
Fresh January 2026 data from the BoG’s Economic and Financial Data report confirms the cedi lost ground against major currencies. On the interbank market, it traded at GH¢10.88 per US dollar, up from GH¢10.45 at the end of December 2025 a 4% depreciation. It also weakened 4.9% against the British pound (to GH¢14.77) and 4.1% against the euro (to GH¢12.80).
In the retail market over the past two weeks, the cedi faced mixed results. It held around GH¢12.00 to the dollar (with the dollar slipping modestly from GH¢11.90 to GH¢12.15), while the pound and euro strengthened to GH¢16.30 and GH¢14.20, respectively, due to persistent demand pressures.
Analysts attribute January’s slide to seasonal forex demand, year-start portfolio shifts, and global financial sensitivities. Yet the drop looks modest compared to 2025’s stellar gains: after early losses, the cedi appreciated 43% against the dollar by May and ended the year up 40.7% year-to-date, fueled by investor confidence, forex inflows, and policy coordination.
Positive Debt Signals
BoG data also highlights stabilizing public debt. By November 2025, total debt fell to GH¢644.6 billion (45.5% of GDP), down GH¢40 billion from September thanks to lower borrowing and better cash management. In dollars, it eased to US$57.2 billion, with external debt at US$29.3 billion (23.3% of GDP) shifts driven more by valuation than new loans.
Story by : Mercy Addai Turkson #ahotorfmonline.com