Ghanaian Cedi Strengthens! Now Trading at GH¢10.30 to $1 on May 28 — Interbank Market Update

/ Ghana’s cedi sees a notable appreciation against major international currencies as the country anticipates a $360 million IMF inflow this June.

০ Cedi Gains Value: As of May 28, 2025, the cedi is trading stronger at GH¢10.29 (buying) and GH¢10.30 (selling) per dollar on the interbank market.

০ Retail Market Trends: Despite official figures, some forex bureaus are trading the dollar at GH¢11.60, the pound at GH¢15.80, and the euro at GH¢13.30.

০ IMF Boost Expected: A $360 million disbursement from the International Monetary Fund in June 2025 is expected to enhance currency stability.

The cedi continues to gain, now trading at GH¢10.30 to the dollar as of May 28,
signaling economic optimism.

The Ghanaian cedi continues to show positive momentum on the interbank forex market, reflecting improved confidence in the country’s economic direction. According to the latest figures from the Bank of Ghana, as of today, the cedi is buying at GH¢10.29 and selling at GH¢10.30 against the US dollar. 

This performance is mirrored across other major currencies, with the British pound trading at GH¢13.91 (buying) and GH¢13.93 (selling), and the euro at GH¢11.67 (buying) and GH¢11.68 (selling).

READ ALSO: Ghana’s Debt Drops by GH₵150 Billion in 5 Months Amid Cedi Gains - Mahama

However, market checks conducted by The Miraspect News as of 8:00 AM on May 28, 2025, indicate a different trend in the retail forex space. Some forex bureaus across the country are quoting the US dollar at GH¢11.60, while the British pound is being sold at GH¢15.80 and the euro at GH¢13.30.

In a development expected to reinforce the cedi’s performance, the Bank of Ghana has confirmed an anticipated $360 million support package from the International Monetary Fund (IMF) in June 2025. The upcoming inflow is projected to bolster foreign reserves and help maintain currency stability as Ghana navigates its ongoing economic reforms.

Analysts suggest that with prudent fiscal management and continuous support from development partners, the cedi’s resilience could be sustained in the coming months.

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