Ghanaian Cedi Strengthens Against US Dollar

Ghanaian Exchange Rate Fluctuations: Dollar Dips on May 20th The US dollar experienced a notable drop in value against the Ghanaian cedi on Tuesday, May 20th, 2025. A video circulating on social media, filmed in a bustling Ghanaian market, reported the buying rate for the dollar at 12.2239 cedis, down from 12.3138 the previous day. The video's creator, who identified himself only as a market reporter, stated, "The dollar has dropped again this Tuesday morning." He also provided the selling rate, which stood at 12.2361 cedis. While the video offers a snapshot of the current economic climate, the lack of official sources and the inclusion of political hashtags raise concerns about potential bias and the need for independent verification. The fluctuation in exchange rates is a significant concern for many Ghanaians, impacting the cost of imported goods and overall economic stability. Further investigation is needed to determine the full extent and underlying causes of this recent drop in the dollar's value. Official statements from the Bank of Ghana would offer a more comprehensive and reliable assessment of the situation.