Many Ghanaians have taken to social media to celebrate the recent improvement in the value of the Ghanaian cedi against the US dollar.
As of Wednesday, 21st May 2025, the cedi is being exchanged at a rate of GH¢11.90 to $1, according to a search on Google and average commercial bank rates. This marks a major improvement from GH¢15.00 to $1 earlier in January this year.
This positive development has generated a lot of online praise for President John Dramani Mahama and his government. Many believe that the current administration’s strong economic management is the main reason behind the cedi’s steady rise.
The cedi’s improved strength is helping to reduce the cost of imported goods and bring down inflation. Business owners and travelers, in particular, are benefiting from the lower exchange rate. For the first time in years, many Ghanaians say they feel hopeful about the country’s economic future.
One person who added his voice to the public praise is Malik Basintale, the CEO of the Youth Employment Agency. He boldly stated that “Mahama should be president of Ghana for the next 40 years.” His comment has since gone viral, drawing attention from the media and the general public.
On social media platforms such as X (formerly Twitter) and Facebook, users have been posting screenshots of the exchange rate, celebrating the progress. Some say that this is proof that leadership matters and that Mahama’s return to power has brought confidence back to the economy.
Many Ghanaians are now urging the government to continue its good work to keep the cedi strong and ensure that the prices of goods and services remain stable.
The latest exchange rate update released by the Bank of Ghana on 21st May, 2025 shows:
Dollar ($): Buying at GH¢12.0940, selling at GH¢12.1061
Pound (£): Buying at GH¢16.1660, selling at GH¢16.1834
Euro (€): Buying at GH¢13.6123, selling at GH¢13.6247
Here are some reactions from Ghanaians
