Business News of Monday, 24 November 2025

Source: www.ghanaweb.com

Pressure on cedi as exchange rate hits GH¢11.12 per dollar

The Ghanaian cedi slipped marginally on Monday, November 24, 2025, trading at GH¢11.12 to the US dollar on the interbank market.

The movement reflects the continued pressure the local currency faces against major foreign currencies.

Despite the depreciation, the Minister of Finance, Dr Cassiel Ato Forson, assured Parliament during the presentation of the 2026 Budget that government remains committed to fiscal discipline.

He announced plans to achieve a primary surplus of 1.5% of GDP next year, a signal of tighter financial management.

Dr Forson further explained that the overall fiscal deficit is projected at 2.2% of GDP on a commitment basis and 4% on a cash basis.

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He stressed that the government’s approach is designed to balance fiscal consolidation with economic growth, ensuring stability while still investing in critical development projects.

The measures, he noted, are part of broader efforts to strengthen confidence in Ghana’s economy, protect the cedi, and lay the foundation for sustainable growth.

Here's how the cedi is faring on the Bank of Ghana interbank market:

• Dollar – Buying at GH¢11.11, Selling at GH¢11.12

• Pound – Buying at GH¢14.54, Selling at GH¢14.56

• Euro – Buying at GH¢12.79, Selling at GH¢12.81

Here's how the cedi is trading at the forex bureaus

• Dollar – Buying at GH¢11.80, Selling at GH¢12.20

• Pound – Buying at GH¢15.30, Selling at GH¢16.20

• Euro – Buying at GH¢13.30, Selling at GH¢14.20

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