The cedi has appreciated in recent times
The consistent gains of the cedi have generated some reactions from the general public, especially on social media.
Ghana's local currency has recorded marginal gains against major trading currencies, particularly the US dollar, at some forex bureaus.
In its daily update, the Central Bank noted that the cedi is trading at a buying price of GH¢12.59 and a selling price of GH¢12.60 to a dollar.
The British pound is being bought at GH¢16.73 and sold at GH¢16.73, while the euro trades at a buying price of GH¢14.07 and a selling price of GH¢14.09.
Users on X have expressed their surprise and admiration for the government's efforts in sustaining the momentum.
They are, however, skeptical about how long the gains can be sustained.
Checks by GhanaWeb Business on May 14, 2025, at 08:00 AM indicated that the cedi is trading at GH¢13.85 to the dollar, while the pound is trading at GH¢18.70 at some major forex bureaus across the country.
Additionally, the euro is trading at GH¢16.00 on the retail market.
Users also want to see the reflection of the appreciation of the cedi in the prices of goods and services.
See some posts below
Very soon ...the white will buy VPN and chat us for money..
— Samuel Baadu (@samuel_baaT) May 14, 2025
white man-Hi am Tiffany Bediako...an ex military captain
Black man--send your momo number ...I dont use paypal
Pls the dollar must come to 50pesewas cos the chronic situation we went through previous administration, hell is far better. You work and get a lot of money but can’t save or use for anything meaningful.
— Kwami wes (@Kwamiwes) May 14, 2025
Nothing make sense for the Cedis appreciate these foreign currency markets,, cos things is still costly in this country Ghana,, a bag of cement prices are still remain as it's,,, food , transportation,,, Electricity bill's,, everything is still increasing day by day,,, 😞😞
— Sheer Naa Adusah Eben Frimpong (@NaaEben) May 14, 2025
The NDC government!👏🏾
— Daniel Henaku Ofori (@dy_henaku) May 14, 2025
H.E. John Dramani Mahama!❤️
Hon. Ato Forson!✨ https://t.co/CACwwFdImO
Yet someone just wanted us to manifest a stronger cedi. Interest rates? Fiscal policy? Nah. Just ‘Sika mpɛ dede’ and motivational quotes😂 https://t.co/VRZSa1YHUj
— 𝑅𝑒𝑔𝒾𝓃𝒶💎 (@__bijoux___) May 14, 2025
Bring it down to $1 : ¢6 to celebrate cedi at 60.
— K. Baffour® (@LouieXiii131) May 14, 2025
I have targeted 1 Dior sauvage Elixir to appease myself over the misery the NPP took us through in the last 8yrs🙏 https://t.co/2AjFBl9cMW pic.twitter.com/ickXSuwG86
Ei Ato! https://t.co/VOUM2sODv1
— H. (@harry_specter) May 14, 2025
We won’t only clear her SHEIN cart, we will buy SHEIN ankasa for her https://t.co/vrYw8BGxE2
— Weffrey Jellington (@jeffwellz) May 14, 2025
Property that’s $100,000 someone wants to wait so he buys it for Ghc200,000 😂😂😂
— Seth Doe Esq (@seth_doe22) May 14, 2025
Ah which kind of hope is that https://t.co/siucLX9e00
Just make it GHC 10 and keep it stable for the next 3 years and you’re very likely to win the next election.
— Seth Doe Esq (@seth_doe22) May 14, 2025
No Ghanaian can boast that NPP is better than NDC in economic management.
The evidence is clear. We can call the past team the best economic mismanagement team. https://t.co/siucLX9e00
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel
Copyright © 1994 - 2025 GhanaWeb. All rights reserved.
