Eiii! Things dey happen o! Remember how Ghana cedi chop Africa's best-performing currency crown for June 2025 inside? Ei, the story change sharp! Now, dollar shortage dey worry the cedi proper. Everybody dey rush for dollars, plus banks no get enough physical dollars, e dey cause wahala!
You see, Ghana cedi bin dey make small ground, but now e dey go back. Inflation sef bin dey come down small, reach 18.4% for May, the lowest for three years. But this dollar problem dey scatter everything. The Bank of Ghana dey under pressure to make the cedi stand firm, but export money dey delay, then import demands dey go up, e dey put too much pressure for forex market.
Cedirates, one online currency tracker, talk say dollar rate dey go up sharp sharp this week. Financial institutions dey struggle to find dollars give people. E hard give Ghanaians sef to withdraw dollars from banks. Na big sign say forex market no dey okay.
Why the Dollar Dey Short?
Plenty reasons dey inside: delayed export money, more imports than exports, and people dey fear the cedi go fall more, so everybody dey buy dollars dey keep.
What Dey Go Happen Now?
The Bank of Ghana dey hope say IMF go give Ghana money soon, so e go help stabilize the cedi and bring more dollars come inside the system. But for now, things dey tight. We for watch how e go go. The apex bank talk say the expected IMF disbursement dey come soon wey e go stabilize the cedi.
Make We Take Heart
- Government for find way to encourage exports.
- We for support made-in-Ghana goods, so we no go import too much.
- Bank of Ghana for continue to find ways to stabilize the cedi.
E no easy, but if we all do our part, things go better for Ghana cedi.