Cedi Records Marginal Dip, GUTA Urges Calm as BoG Ensures Forex Stability

The Ghana cedi witnessed a slight depreciation against major trading currencies on Tuesday, August 26, 2025, according to Bank of Ghana (BoG) reference rates.

The local currency was buying at GH¢10.9445 and selling at GH¢10.9555 to the US dollar, compared to Monday’s GH¢10.8946 buying rate and GH¢10.9055 selling rate.

Against the pound sterling, the cedi traded at GH¢14.7631 (buying) and GH¢14.7789 (selling), while it exchanged at GH¢12.7697 (buying) and GH¢12.7823 (selling) to the euro.

The marginal decline has triggered concern among sections of the trading community. However, the Ghana Union of Traders’ Associations (GUTA) has called for calm, assuring that the movement is not significant enough to destabilize the market.

Head of GUTA’s Business and Economic Bureau, Mr. Kubi, told 3Business that the overall performance of the cedi remains positive despite the slight dip.

“We have done analyses and concluded that the cedi has appreciated overall. The decline from the past week is less than 4%, so its effect is nothing to worry about,” he explained.

He further urged the Bank of Ghana to strengthen forex supply through commercial banks to help reduce speculation and stabilize trade activities.

“Ensuring enough forex in the system is critical to maintaining confidence in the market,” he added.

While some importers and traders continue to express unease over currency fluctuations, GUTA insists that with timely monetary interventions, the market will remain stable despite global economic uncertainties.