The Ghanaian cedi has recorded a fresh decline against the US dollar, now trading at ₵10.9 to $1, according to the latest figures released by the Bank of Ghana on Friday, October 31, 2025.

 The new rate marks another dip in the local currency’s performance amid ongoing economic pressures, including high import demand, global dollar strength, and lingering inflation concerns.

 Currency analysts say the continued depreciation could drive up prices of imported goods and fuel, putting more pressure on businesses and consumers already grappling with rising costs of living.

 Meanwhile, the Bank of Ghana has reiterated its commitment to stabilising the cedi through targeted interventions in the forex market and tighter monetary policies.

 Market watchers are keeping a close eye on developments, as the cedi’s movement remains a key indicator of investor confidence and the overall health of Ghana’s economy.