BoG expects cedi to remain stable despite rising demand for Christmas imports

The Bank of Ghana (BoG) anticipates that the cedi will remain relatively stable throughout the remainder of 2026, despite an uptick in demand for foreign exchange to fund imports preceding the Christmas season. This assessment is based on the central bank's latest Monetary Report, which highlights foreign exchange interventions and remittance inflows as key factors that could alleviate pressure on the currency.

The BoG also mentions that the recovery of the cedi from earlier pressures in May, coupled with an expected improvement in market supply, supports this outlook.

Brief written by urgent.news from Joy Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.