{"id":7148,"date":"2025-03-31T18:14:35","date_gmt":"2025-03-31T18:14:35","guid":{"rendered":"https:\/\/newsguideafrica.com\/?p=7148"},"modified":"2025-03-31T18:14:35","modified_gmt":"2025-03-31T18:14:35","slug":"cedi-records-5-3-year-to-date-depreciation-against-us-dollar-2","status":"publish","type":"post","link":"https:\/\/newsguideafrica.com\/wp-admin\/cedi-records-5-3-year-to-date-depreciation-against-us-dollar-2\/","title":{"rendered":"Cedi records 5.3% year-to-date depreciation against US dollar"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_7155\" aria-describedby=\"caption-attachment-7155\" style=\"width: 261px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-7155\" src=\"https:\/\/newsguideafrica.com\/wp-content\/uploads\/2025\/03\/IMG_4009.jpeg\" alt=\"\" width=\"261\" height=\"193\" \/><figcaption id=\"caption-attachment-7155\" class=\"wp-caption-text\">Ghana Cedi records 5.3% depreciation against the US dollar in Q1 2025.<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Adnan Adams Mohammed<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Bank of Ghana data indicates that the Ghana Cedi lost 5.3% in value to the US dollar from January to March this year.<\/p>\n<p>&nbsp;<\/p>\n<p>As at last week, the local currency traded averagely at a rate of GH\u00a215.53 to the US dollar on the interbank market. However, in January and February 2025, the local currency lost 5.3% and 3.9% in value respectively to the US dollar.<\/p>\n<p>&nbsp;<\/p>\n<p>Unfortunately, the cedi recorded its worst depreciation of 9.20% to the Euro on the interbank market in quarter one of 2025, which traded at GH\u00a216.75 as at last week.<\/p>\n<p>&nbsp;<\/p>\n<p>Also, the cedi lost 8.2% in value to the British pounds sterling, which traded at GH\u00a220.03 to one pound on the interbank market.<\/p>\n<p>&nbsp;<\/p>\n<p>The potential upside however is that it is expected that a team from the International Monetary Policy (IMF) would visit Ghana this week to commence the fourth review of the US$3.0 billion Economic Credit Facility programme.<\/p>\n<p>&nbsp;<\/p>\n<p>The team\u2019s assessment would be focused on the country\u2019s performance under the Fund programme so far and the 2025 Budget.<\/p>\n<p>&nbsp;<\/p>\n<p>Analysts believe a successful review could pave the way for another tranche disbursement, which would help BoG\u2019s sell-side intervention. This will consequently help stabilize the cedi.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Ghana data indicates that the Ghana Cedi lost 5.3% in value to the US dollar from January to March this year.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[81,120,323],"class_list":{"0":"post-7148","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-and-finance","7":"category-news","8":"tag-bank-of-ghana","9":"tag-cedi-depreciation","10":"tag-ghana-economy"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cedi records 5.3% year-to-date depreciation against US dollar - News Guide Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsguideafrica.com\/cedi-records-5-3-year-to-date-depreciation-against-us-dollar-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi records 5.3% year-to-date depreciation against US dollar - 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