The Ghanaian cedi continues to strengthen, with the exchange rate now standing at GHS10.20 to the US dollar, down from around GHS15.00 just weeks ago. This means the prices of some items on the markets will fall. Here are 10 items expected to drop in price this month (June, 2025).
1. Fuel (Petrol and Diesel) – As Ghana imports refined petroleum products, a stronger cedi lowers import costs, which could lead to reduced fuel prices.
2. Cement – With raw materials mostly imported, cement prices may drop due to cheaper importation and transportation.
3. Building Materials – Products like iron rods, roofing sheets, and tiles are likely to see price reductions.
4. Imported Rice – The cost of rice, a key food staple, is expected to go down due to lower import expenses.
5. Cooking Oil – Both imported and locally processed oils may become cheaper as foreign input costs fall.
6. Imported Chicken and Meat – Frozen meats from abroad could drop in price, benefiting households and food vendors.
7. Electronics (TVs, Fridges, Mobile Phones) – With these goods priced in dollars, their prices may decline as the cedi gets stronger.
8. Clothing and Footwear – Imported fashion items could see price reductions in retail markets.
9. Pharmaceuticals – The price of imported medicines and healthcare products is likely to decrease, making healthcare more affordable.
10. Vehicle Spare Parts – Importers of spare parts may pass on savings to customers as their costs go down.
