Absa Forecasts Cedi to Stabilize at GH₵14.00/USD by Year-End

Absa Forecasts Cedi to Stabilize at GH₵14.00/USD by Year-End

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/absa-forecasts-cedi-to-stabilize-at-gh%e2%82%b514-00-usd-by-year-end/Absa Bank projects the Ghana cedi will settle at GH₵14.00 per US dollar by the end of 2025, following a sharp 19% appreciation to GH₵13.05 in recent months. The forecast, detailed in Absa’s May 2025 currency report, attributes the cedi’s rally to surging global commodity prices, particul…

Absa Projects Cedi to Settle at GHS14.19 per Dollar by End of 2025

The Ghanaian cedi, after staging a remarkable 19% rally within a month to trade at GHS13.05 per US dollar, is projected to gradually weaken and end the year at around GHS14.19, according to Absa Bank’s latest “Ghana Market Insight” report released on May 12, 2025. The cedi’s recent surge, largely driven by record-high gold prices, elevated cocoa values, and a rebound in Ghana’s foreign exchange reserves—has left the currency overvalued by nearly…

Cedi’s rally overshoots fundamentals — ABSA warns of imminent correction

Ghana’s cedi has posted a surprising 19% surge over the past month, appreciating from GHS 15.50 to GHS 13.05 per US dollar — one of its steepest rallies in recent years. But according to ABSA Bank’s latest “Ghana Market Insight” report, the rally may be too good to last. The bank attributes the currency’s strength to surging gold prices, elevated cocoa earnings, and improved foreign reserves, now covering 3.0 months of imports — up from 1.8 mont…