The Ghanaian cedi has hit a new rate, with the dollar now trading at GH¢11.90 on the local forex market as of Wednesday, May 21, 2025, according to Bloomberg's latest update.

While the recent depreciation initially caused concern, some financial analysts view the current rate as a sign of stabilisation in the local currency market after a prolonged period of volatility that left many uncertain about the economy’s outlook.

This development also marks a significant improvement, offering some relief to businesses and consumers alike.

The Bank of Ghana is expected to comment on the recent gains, with Ghanaians anticipating that the central bank’s daily forex updates will reflect the latest changes starting Thursday, May 22, 2025.

Meanwhile, some Ghanaians have taken to social media to react to the dollar trading at GH¢11.90, sharing mixed views about its implications for the broader economy.

Here are some social media reactions to the new cedi rate