
Research Report: Analyzing the drivers of the Cedi’s recent appreciation against the U S dollar
Abstract The Ghanaian Cedi (GHS) has appreciated to GHS 13.47 per US Dollar (USD) as of May 6, 2025, achieving a 7.44% year-to-date gain after a 45.1% depreciation in 2022. This report by the GITFiC examines the drivers of this appreciation, including …