Methodist University College - Tema

🇬🇭 RESETTING GHANA SERIES | FOREX |➖️| INVESTMENT BRIEFING

Monday, 07 July 2025 • 8:30 AM GMT

_National Economic Outlook for Business and Investment]_

*💱 FOREX MARKET SNAPSHOT — GHANA*

*Open Market (Bureaux)*

_Buy Sell_

●USD (💵)
₵12.10 / ₵12.50 ⏹️

●GBP (💷)
₵16.60 / ₵17.00 ⏹️

●EUR (💶)
₵14.30 / ₵14.70 ⏹️

*Commercial Banks*

_Buy Sell_

●USD (💵)
₵10.45 / ₵10.78 ⏹️

●GBP (💷)
₵14.40 / ₵14.71 ⏹️

●EUR (💶)
₵12.42 / ₵12.71 ⏹️

*Bank of Ghana (BoG)*

■₵10.32 ⏹️ USD (💵)
■₵14.09 ⏹️ GBP (💷)
■₵12.13 ⏹️ EUR (💶)

*FX Position*
🔹 USD: Stable🟢
🔹 GBP: Stable🟢
🔹 EUR: Stable🟢

*📉 FX STABILITY MASKS STRUCTURAL PRESSURE*

Ghana's forex market opened this week with stable rates across all major currencies. Despite no upward movement, the persistent ₵2.20+ gap between BoG and open market USD rate signals deep structural demand, particularly from import-heavy sectors like fuel, pharmaceuticals, and manufacturing

The Bank of Ghana’s firm hold on the reference rate may indicate tactical reserve management to curb inflation, but the wide parallel market margin suggests strong underground demand and speculative holding—especially as we approach the third quarter of an election year.

```💼 STRATEGIC INVESTMENT FORECAST FOR THE BUSINESS COMMUNITY```

*1. Forex-Centric Business Advice*

Importers should lock in rates early for Q3 supply chains.

Exporters and service providers earning in forex stand to gain from open market disparities.

Hospitality and Tech & Education sectors must model forex-based pricing to remain competitive.

*📊 2. Asset Allocation Recommendations*

Hedge against local currency weakening by diversifying into dollar-earning investment vehicles, such as gold-backed bonds or diaspora-linked mutual funds.

Consider channelling capital into agriculture and processing for food exports (e.g., cocoa, cassava, shea butter), where forex earning potential is high.

*3. Policy Watch*

Monitor for upcoming BoG FX auctions or digital forex monitoring policies, which could tighten liquidity and impact access to hard currency.

*“The cedi’s journey is not just a matter of numbers but a reflection of national discipline. When our policies honour productivity and our investments protect value, the currency will rise to meet the confidence of the people.”*

Bismarck Kwesi Davis |
Resetting Ghana Series

https://whatsapp.com/channel/0029Va7x0rGEgGfGOselC30p