Cedi continues strong performance against dollar, trades at GH₵15.75

The Ghana cedi maintained a strong performance against the US dollar on February 17, 2025, trading at an average of GH¢15.75, down from GH¢15.95 on February 14, 2025.

Its year-to-date loss stood at 0.63%. Analysts expect the cedi to remain stable this week, with a likely trading range of GH¢15.50 to GH¢15.70, supported by subdued corporate demand.

However, the outlook for the coming months is cautious, as diminishing foreign exchange support and rising demand pressures could threaten its stability. While the retail market remained stable, volatility in the interbank market was driven by tight foreign exchange supply.