• Advertise with Us
  • About Us
Friday, July 11, 2025
  • Login
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
No Result
View All Result
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
No Result
View All Result
No Result
View All Result
Home Business

Cedi Gains 24.1% to Dollar in May 2025 – BoG

EFO MAWUGBE by EFO MAWUGBE
May 25, 2025
in Business
0
Cedi Gains 24.1% to Dollar in May 2025 – BoG
0
SHARES
4
VIEWS
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

The Ghana cedi gained 24.1% against the US dollar in the first five months of 2025.

This is compared with a loss of 5.3% in the first quarter of 2025.

READ ALSO

Trade Minister Inaugurates GIPC, Ghana EXIM Bank and GSA Governing Boards

Energy Ministry Announces Strategic Natural Gas Supply Enhancement by ENI

This was disclosed by the Governor of Bank of Ghana, Dr. Johnson Pandit Asiamah last Friday at a Monitory Policy Committee(MPC) Press conference.

According to the Governor, the local currency traded at a rate of GH¢11.85 in May 2025 to the American greenback in the interbank market adding that in April 2025, the local currency gained 3.9% in value to the American greenback.

“Similarly, the cedi appreciated by 14.1% against the euro in the interbank market in May 2025, going for GH¢13.33.
For the pound, the cedi also gained 16.2% in value. It consequently sold at GH¢15.74 the interbank market.

It also appreciated 3.5% against the pound and 3.7% against the euro respectively.
This follows an injection of a total of US$425.50 million by the Bank of Ghana into the retail market”, the Governor emphasized.

MPC of BoG Maintains Policy Rate at 28%

Dr.Asiamah explained that the committee took the decision in anticipation of inflation coming down soon. Inflation currently stands at 21.2 percent.
He disclosed that latest forecast points to continued easing of inflationary pressures on the back of tight monetary policy stance, exchange rate stability, and fiscal consolidation.
He pointed out that inflation is expected to ease faster towards the medium-term target in the first quarter of next year, that is 2026, as opposed to the second quarter as earlier envisaged, barring unanticipated shocks.

Despite these positive developments, the committee observed that the current level of inflation remains high relative to the medium-term target and will require maintaining the policy rate at 28.0%”, he said.

source:www.senaradioonline.com/The EXPOSÉ

Tags: 24.1%BoGCediDr. Johnson.AsiamahGainsUS Dollar

Related Posts

Trade Minister Inaugurates GIPC, Ghana EXIM Bank and GSA Governing Boards
Business

Trade Minister Inaugurates GIPC, Ghana EXIM Bank and GSA Governing Boards

July 10, 2025
Energy Ministry Announces Strategic Natural Gas Supply Enhancement by ENI
Business

Energy Ministry Announces Strategic Natural Gas Supply Enhancement by ENI

July 9, 2025
MTN Ghana  Assures Customers of Resolving Data Bundle Dusruptions
Business

MTN Ghana Assures Customers of Resolving Data Bundle Dusruptions

July 2, 2025
ADB Announces New Tagline “Beyond Banking” as Part of 60th Anniversary Celebration
Business

ADB Announces New Tagline “Beyond Banking” as Part of 60th Anniversary Celebration

July 1, 2025
GOV’T TO REINTRODUCE ADVERTISING BILL TO PARLIAMENT TO SANITISE INDUSTRY – DEPUTY TRADE MINISTER
Business

GOV’T TO REINTRODUCE ADVERTISING BILL TO PARLIAMENT TO SANITISE INDUSTRY – DEPUTY TRADE MINISTER

July 1, 2025
£154.4 M Ghana/Cote dIvoire Inter-connectivity Project Will Enhance Regional Electricity Trade-Gridco CEO
Business

£154.4 M Ghana/Cote dIvoire Inter-connectivity Project Will Enhance Regional Electricity Trade-Gridco CEO

June 25, 2025
Next Post
KGL is Committed to Media Growth-Alex Apau Dadey

KGL is Committed to Media Growth-Alex Apau Dadey

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

EDITOR'S PICK

  • All
  • Politics
Prisons Officers and Inmates Benefit from NEIP Entrepreneurship Program

Prisons Officers and Inmates Benefit from NEIP Entrepreneurship Program

July 12, 2023
Let’s Use the LEAP Grant to Support Our School Children-Gender Minister to Beneficiaries As Disbursement begins today

Let’s Use the LEAP Grant to Support Our School Children-Gender Minister to Beneficiaries As Disbursement begins today

July 1, 2025
Government is Developing Data Exchange Hub to Power AI for National Development-Sam George

Government is Developing Data Exchange Hub to Power AI for National Development-Sam George

March 29, 2025
GJA Presidential RACE: Journalists Endorse Charles Mawusi for his high Integrity

GJA Presidential RACE: Journalists Endorse Charles Mawusi for his high Integrity

June 17, 2025

About SenaRadio Online

SenaRadio Online is a Private News Portal based in capital of Ghana, Accra established in the year 2019.

SenaRadioonline.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Follow us

Categories

  • Africa
  • Business
  • Entertainment
  • General News
  • Health
  • Opinion
  • Politics
  • Sports
  • Tech
  • Uncategorized
  • World

Recent Posts

  • Chief of Staff Launches GIPC’s Investment Opportunity Mapping Project (IOMP).
  • Ato Essien Never Stole Gh90 Million; He is Being Accused of a Theft that Did not Occur-Head of Commonwealth Enterprise Demands Justice
  • Health Minister Inaugurates Governing Boards for NVI, HeFRA, Nursing and Midwifery Council, Centre for Plant Medicine Research, Mortuary and Funeral Facilities Agency.
  • Trade Minister Inaugurates GIPC, Ghana EXIM Bank and GSA Governing Boards

Gallery

© 2023 Sena Radio Online -All Rights Reserved Site Powered by CodeArthur

  • Contact Us
  • Advertise with Us
No Result
View All Result
  • Home
  • Politics
  • Business
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health

© 2023 Sena Radio Online -All Rights Reserved Site Powered by CodeArthur

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In