{"id":280283,"date":"2025-11-09T00:24:13","date_gmt":"2025-11-09T00:24:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/280283\/"},"modified":"2025-11-09T00:24:13","modified_gmt":"2025-11-09T00:24:13","slug":"cedi-to-slightly-weaken-in-q4-but-to-end-2025-stronger","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/280283\/","title":{"rendered":"Cedi to slightly weaken in Q4, but to end 2025 stronger"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Cedi-to-slightly-weaken-in-Q4-but-to-end-2025-stronger-Fitch-Solutions-2008629?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/11\/28809483.295.jpg\" alt=\"The local currency is forecast to depreciate modestly by about 8% by end of 2025\" title=\"The local currency is forecast to depreciate modestly by about 8% by end of 2025\" width=\"295\" height=\"197\" \/> <\/a>The local currency is forecast to depreciate modestly by about 8% by end of 2025<\/p>\n<p id=\"article-123\">The Ghana cedi, which has already enjoyed an extraordinary year of appreciation, is projected to face a slight depreciation in the final quarter of 2025, but will still finish the year on a positive note. <\/p>\n<p>This is according to research by international risk\u2010analytics firm, Fitch Solutions. <\/p>\n<p>According to the report, the cedi has gained more than 29% against the US dollar in the retail market so far in 2025, positioning itself for a rare year of net appreciation. <\/p>\n<p>Currently trading around GH\u00a212.00 to one US dollar at forex bureaus and about GH\u00a210.92 on the inter\u2010bank market, the local currency is forecast to depreciate modestly by about 8% by end-2025, before settling at around GH\u00a211.70 to the dollar on the inter-bank market by end-2026. <\/p>\n<p>Fitch emphasises that while some weakening is expected, the depreciation will be relatively tame, compared with past years of high volatility. <\/p>\n<p>\u201cWe expect most major Sub-Saharan African currencies to remain broadly stable through quarter 4 2025 and into 2026, extending the calm observed year-to-date. Indeed, we anticipate only a slight weakening of the Ghana cedi, Zambia kwacha, Nigeria Naira and South Africa rand by the end of 2025.<\/p>\n<p>\u201cWhile modest depreciation against the US dollar is likely in the coming quarters, currencies will remain far more stable than during the volatility experienced in 2023 and 2024,\u201d it said. <\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Cedi-opens-November-trading-at-GH-10-90-to-1-2007799\" rel=\"nofollow noopener\" target=\"_blank\">Cedi opens November trading at GH\u00a210.90 to $1<\/a><\/p>\n<p>It points to continued risk appetite for emerging markets, a softer US dollar, robust gold prices, and the strong interventions by the <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3532\" rel=\"nofollow noopener\">Bank of Ghana<\/a> supported by export earnings as stabilising factors. <\/p>\n<p>The firm warns, however, that although the cedi has regained strength, lasting re-gains will be limited by policy uncertainties and the need to preserve export competitiveness via sustainable reserves. <\/p>\n<p>Policymakers are urged to guard against complacency amid the improved currency performance.<\/p>\n<p>ID\/AE<\/p>\n<p>Watch the promo to GhanaWeb&#8217;s latest documentary, which uncovers the evolution of \u2018kayamata,&#8217; an exploitative practice fueled by love charms and manipulation, titled, \u201cThe Dark Side of Kayamata,&#8217; below: <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"The local currency is forecast to depreciate modestly by about 8% by end of 2025 The Ghana cedi,&hellip;\n","protected":false},"author":2,"featured_media":280284,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-280283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/280283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=280283"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/280283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/280284"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=280283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=280283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=280283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}