{
  "id": 19472787,
  "title": "Cedi firms on GoldBod forex auctions, trades around GH¢12.08–12.15 at bureaus",
  "url": "https://urgent.news/2026/11/11/cedi-firms-on-goldbod-forex-auctions-trades-around-gh-12-08-12-15-at",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T08:44:47.000Z",
  "source": {
    "name": "3News",
    "slug": "3news",
    "url": "https://3news.com/economy/cedi-firms-goldbod-forex-auctions-gh12-15-bureaus"
  },
  "original_language": "en",
  "account": "The Ghanaian cedi has shown signs of resilience against major currencies, particularly the US dollar, due to increased supply from the Ghana Gold Board (GoldBod) spot auctions. Retail market traders have observed the cedi trading within a narrow range of GH¢12.08 to GH¢12.15 per US dollar over the past two weeks. According to Databank Research, the cedi experienced a modest gain of 0.09% against the US dollar in the interbank market, reaching GH¢11.64, while maintaining relative stability in the retail sector. The cedi's exchange rate remained unchanged against the US dollar at GH¢12.08 and GH¢13.60 per euro in the retail market. Despite weakening by 0.63% in the retail market against the pound sterling to GH¢16.00, the cedi has managed to narrow its year-to-date depreciation to 10.07% by the end of October 2026, marking a 0.69 percentage point improvement from September. The central bank has acknowledged that earlier gains in the currency resulted in a substantial accounting loss of GH¢17.5 billion on its gold holdings. Databank Research attributes the cedi's improved performance to GoldBod's foreign exchange inflows and spot market interventions. Analysts expect the cedi to appreciate slightly towards GH¢11.41 against the US dollar by the end of the next fortnight, despite potential import demand pressures during the Christmas trading season. With US$800 million set aside for commercial bank auctions in November 2026, sustained dollar liquidity is anticipated to provide further support to the exchange rate stability.",
  "summary": "Databank Research projects the cedi could strengthen toward GH¢11.41 to the dollar over the next fortnight on a planned US$1.2 billion November forex supply.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Cedi strengthens on GoldBod’s boost to forex liquidity; going for GH¢12.15 against a dollar at forex bureaus",
        "url": "https://urgent.news/2026/11/11/cedi-strengthens-on-goldbods-boost-to-forex-liquidity-going-for-gh-12",
        "published": "2026-11-11T04:12:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}