Cedi to end 2025 around GH¢17.70 to dollar – Report

 The Ghana cedi is projected to close the year around GH¢17.70 to one US dollar in 2025, with a deviation of ± GHp20, Databank Research has revealed.

Its expectation is supported by the likely strengthen of gold reserves and the upgrade of the Ghanaian economy which is expected to boost market sentiments.

“We expect a successful 2024 elections to bring renewed confidence in the Ghanaian economy which should lead to increased foreign direct invest­ments and portfolio inflows. This development would bolster investment sentiments around the GH¢ [Ghana cedi] and re­duce speculative attacks on the unit,” it pointed out.

The report also said in the aftermath of the elections, the new government might focus on enhancing domestic mining com­panies to boost gold production.

Source: Ghanaian Times