Databank Research has forecasted that the Ghana cedi will exhibit relative stability in the upcoming weeks, bolstered by consistent foreign exchange inflows and a revival of confidence as the national budget presentation approaches. The research organization noted that the recent reclassification of gold as a high-tier liquidity asset according to the Basel III reforms has enhanced global confidence in tangible assets, a trend likely to positively influence Ghana”s currency and reserves.
Additionally, the anticipated disbursement of USD385 million from the International Monetary Fund (IMF) in December 2025 further supports a positive outlook for the cedi in the near term. “In the coming weeks, we expect relative stability following the release of pent-up market momentum. Sustained foreign exchange inflows and renewed confidence ahead of the budget presentation should anchor this outlook,” Databank stated in a recent announcement.
The cedi has demonstrated one of its most robust rallies in recent months, driven by improved market sentiment and consistent interventions from the central bank. In the interbank market, the cedi appreciated by 9.68% against the US dollar, reaching GHS 10.85 per USD, 10.00% against the pound sterling at GHS 14.42 per GBP, and 9.16% against the euro, settling at GHS 12.61 per EUR. Similarly, retail market activity mirrored this positive momentum, with the local currency rising 6.53% against the US dollar to close at GHS 12.25, from GHS 13.05, 5.54% against the pound to GHS 16.25 from GHS 17.15, and 5.26% against the euro to GHS 14.25 from GHS 15.00.
Databank attributed the cedi”s significant appreciation to increased foreign exchange liquidity provided by the Bank of Ghana, which helped alleviate negative market sentiment and prompted some investors to unwind prior long positions. The firm concluded that while the cedi”s recent gains may slow as market momentum stabilizes, its overall outlook remains positive, supported by policy initiatives, confidence in Ghana”s hard assets, and favorable macroeconomic indicators.
