Economic Turmoil: Ghana's Cedi Plunges Amid New Exchange Rates
The Ghanaian Cedi has experienced a notable, albeit slight, depreciation against several major international currencies, according to the latest exchange rates released by the Bank of Ghana on Thursday, 11th December 2025. This movement indicates persistent pressure on the local currency amidst high demand for foreign exchange.
Specifically, the United States Dollar is now trading at ₵11.45, reflecting an increase from its lower levels recorded earlier in the week. Similarly, the British Pound has seen a marginal rise, now exchanging for ₵15.26. The Euro has also followed this upward trend, with its selling rate reaching ₵13.33, demonstrating a consistent pattern of depreciation for the cedi across these key currencies.
The Bank of Ghana clarified that these published figures represent the average interbank exchange rates. These rates were meticulously compiled and used by commercial banks at the close of trading on the preceding day, Wednesday, 10th December 2025. The consistent upward movement in the selling rates of the US dollar, British pound, and Euro against the cedi suggests an ongoing challenge for the cedi to maintain stability. This situation is primarily attributed to the sustained high demand for major foreign currencies within the market, which continues to exert downward pressure on the Ghanaian currency.
You may also like...
WNBA 2026 Title Shake-Up: Angel Reese Trade Rocks Odds, Aces Remain Dominant!

The Atlanta Dream made a major move in WNBA free agency, acquiring two-time All-Star Angel Reese from the Chicago Sky, w...
NBA Bombshell: Giannis's Fractured Relationship with Bucks Exposed!

The Milwaukee Bucks endured a season fraught with internal conflicts, on-court struggles, and star Giannis Antetokounmpo...
Cannes Frontières Platform Unveils Hot Lineup: Horror Drama 'Duppy' and Wild Creature Features!

The Cannes Festival's Frontières Platform unveiled a robust lineup of genre films, highlighting a record number of submi...
Netflix's 'One Piece' Gets Epic Expansion: Season 3 Title and Lego Special Revealed!

Netflix is significantly expanding its successful "One Piece" universe with a new live-action season, an animated Lego s...
Ye's U.K. Wireless Festival Dreams Crushed: Visa Denied, Festival Canceled Amid Antisemitism Backlash

London's Wireless Festival has been canceled after the U.K. Home Office denied Ye's visa due to his antisemitic comments...
Exclusive: Next 'Lord of the Rings'-Level Blockbuster Set to Redefine Cinema in 2026!

Producer Namit Malhotra discusses the monumental vision behind the upcoming film <i>Ramayana</i>, positioning it as a gl...
Rod Stewart's Health Crisis: A Battle for Legacy Amidst Canceled Gigs

Sir Rod Stewart is set to perform at Glastonbury despite recent health setbacks, reassuring fans of his recovery and imp...
Adekunle Gold & Olamide Set the Stage Alight with Epic 'Formation' Reunion!

Afrobeats icons Adekunle Gold and Olamide have announced their reunion for a new single, 'Formation,' set to drop on Apr...





