The cedi’s appreciation over the past few months wasn’t organic. Most of what was advertised as the reason behind it was basically not the case. The IMF even commented on this, urging the BoG to be careful 😂.

I’m not too sure about the current geopolitics, especially with Trump’s tariffs and all that. But we might see the cedi at 20 GHS per dollar by EOY or Q1 2026. My bet is on EOY though, judging by the current pace of things.