Ghanaian Cedi Plummets: Dollar Reaches Record High of 10.83

Ghanaian Cedi Exchange Rate Hits 10.83 to the US Dollar Ghana's currency, the Cedi, continues to experience volatility against the US dollar. Today, May 25th, 2025, the exchange rate reached a new high of 10.83 Cedis to 1 US dollar, according to several financial sources and independent reports from social media. This represents a significant increase from previous weeks. "The dollar is now 10.83," stated NDC TV, a popular Ghanaian social media commentator, in a recent video update. His informal report highlighted the impact on everyday Ghanaians. While the government has not yet issued an official statement on this latest fluctuation, the impact is already being felt across various sectors. The increase in the dollar's value against the Cedi is likely to further increase the cost of imported goods, affecting the cost of living for many. Economists are closely monitoring the situation and are expected to release their analysis in the coming days. The government's response to this economic challenge will be crucial in stabilizing the Cedi and mitigating the impact on the population. The situation underscores the ongoing economic challenges faced by Ghana, highlighting the need for sustained efforts to strengthen the national currency and improve economic stability.