In the first Ghana Hits More Dollar Price Hurdles as Cedi Fall Craters 5.3% in Q1 2025arter of 2025, the Ghanaian cedi showed a 5.3% depreciation year-to-date against the US dollar, illustrating the continued economic strain. Nonetheless, a slow resurgence is seen lately, which is promising news for firms and consumers alike. Reasons for the Depreciation Thrusting the cedi’s depreciation in Q1 2025 are many factors, as follows: Strong Dollar Demand – Pressure on the local currency is applied by higher imports and foreign exchange needs. External Economic Conditions – General uncertainties in the global economy, especially inflation and interest rate policies in major economies have weighed on Ghana’s forex market. Economic situation at home – Tax weaknesses and the "usual suspects" of the economy continued to undermine investor confidence in cedi. Signs of Recovery In spite of the depreciation, cedi has started to stabilize due to: Increasing Forex Reserves – The Bank of Gh...