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According to the Bank of Ghana (BoG) exchange rates, the Ghanaian Cedi was buying at 11.3343 to the U.S. dollar on Thursday, May 14, and selling at 11.3457.
The British Pound was buying at 15.3240 and selling at 15.3405, while the Euro was buying at 13.2744 and selling at 13.2876.
BoG Governor Dr. Johnson Asiama said the Cedi’s strong performance against major trading currencies has reinforced Ghana’s reputation as a gateway to Africa for financial stability, safety, and economic growth. He attributed the growth to timely interventions and sound regulatory policies implemented over the past year.
Speaking at the 3i Africa Summit in Accra on Friday, May 8, Dr. Asiama highlighted the Cedi’s stability and the country’s economic achievements over the past year:
Inflation was recorded at 3.4% in April 2026, one of the lowest since the inception of inflation targeting.
Annual GDP growth reached 6.0% in 2025.
The Bank of Ghana Act was amended to strengthen independence and accountability.
The Virtual Asset Service Providers Act, 2025 (Act 1154) was passed, establishing a clear regulatory framework for digital finance.
Directives for Digital Credit Service Providers and amendments to the Cyber and Information Security Directive were issued to strengthen industry standards, enhance cybersecurity resilience, and ensure compliance.
Dr. Asiama emphasized that these measures have contributed to the Cedi’s stability and the overall resilience of Ghana’s financial ecosystem.
Story by Efua Nessa