{"id":499646,"date":"2026-03-02T17:39:10","date_gmt":"2026-03-02T17:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/499646\/"},"modified":"2026-03-02T17:39:10","modified_gmt":"2026-03-02T17:39:10","slug":"databank-projects-cedi-to-end-2026-at-gh%c2%a212-85-to-1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/499646\/","title":{"rendered":"Databank projects cedi to end 2026 at GH\u00a212.85 to $1"},"content":{"rendered":"<p id=\"article-123\">Databank, in its 2026 Economic Outlook report, has projected that the cedi will stabilise in 2026, ending the year at GH\u00a212.85 to the US dollar.<\/p>\n<p>According to the report, the projection is influenced by demand from bulk importers, the energy sector, and upcoming Eurobond payments.<\/p>\n<p>It noted that sustained gold-backed inflows are expected to strengthen the central bank\u2019s capacity to manage market expectations and reduce volatility in the foreign exchange market.<\/p>\n<p>Beyond domestic fundamentals, the outlook also reflects positive external sentiment, supported by continued programme backing from the <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3679\" rel=\"nofollow noopener\">International Monetary Fund<\/a> (IMF) and the World Bank.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Cedi-steady-holds-at-GH-10-92-to-1-on-January-29-2019344\" rel=\"nofollow noopener\" target=\"_blank\">Cedi steady, holds at GH\u00a210.92 to $1 on January 29<\/a><\/p>\n<p>The report further highlights a gradual shift in global reserve management trends, with some central banks reducing reliance on the US dollar and increasing their gold holdings.<\/p>\n<p>China was identified as leading this pivot amid uncertainty surrounding US policy direction.<\/p>\n<p>\u201cWe also observe a gradual decline in global central banks\u2019 reliance on the US dollar as a reserve currency, with China leading the shift toward gold holdings amid uncertainties surrounding US policy,\u201d the report stated.<\/p>\n<p>Databank Research maintained a neutral-to-positive outlook for the cedi, underpinned by tighter foreign exchange regulations and resilient reserve buffers considered sufficient to absorb moderate demand pressures.<\/p>\n<p>SP\/MA<\/p>\n<p>Auto dealers respond to 15% price cut announcement<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Databank, in its 2026 Economic Outlook report, has projected that the cedi will stabilise in 2026, ending the&hellip;\n","protected":false},"author":2,"featured_media":379899,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-499646","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\/499646","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=499646"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/499646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/379899"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=499646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=499646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=499646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}