Some Ghanaians are expressing concern after the Bank of Ghana gave an update on the value of the Ghanaian cedi on May 30, 2025. According to the new data, the cedi has lost a little value compared to the US dollar, and this has caused people to talk about the possible impact on the economy.
As of May 29, 2025, the exchange rate showed the cedi was being bought at GH¢10.28 and sold at GH¢10.27 to one US dollar. However, the next day, May 30, 2025, the rate changed slightly to GH¢10.30 for selling and GH¢10.29 for buying. This small change marks the first drop in the cedi’s value in about two months.
Earlier this year, the Ghana cedi performed very well. In April 2025, Bloomberg, a popular business news platform, said the Ghana cedi was the best-performing currency in the world. Some people believed the strong cedi was due to former President Mahama’s good economic policies, while others pointed to global events like Donald Trump’s trade war with China.
Thanks to the stronger cedi back then, fuel prices in Ghana dropped. On May 14, 2025, the Chamber of Oil Marketing Companies (COMAC) announced lower fuel prices at the pumps, which began on May 16. The decrease in prices was also helped by lower prices of finished petroleum products on the global market. Transportation costs were also reduced by 15%.
However, even with these improvements, many Ghanaians say they are still facing hard times. They believe more needs to be done to fix the economy and that strong government policies are needed to bring real change.
On social media, people had different opinions about the slight fall in the cedi. Some were worried, others made jokes, and a few explained that small changes in currency value are normal.
