‘We’ll have a good Christmas’: BoG Governor assures Ghanaians of Cedi stability

The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has expressed confidence in the performance of the Ghana cedi, assuring Ghanaians of a favourable exchange-rate environment during the upcoming Christmas season.

Dr Asiama gave the assurance on Monday, November 2, 2026, while speaking at the African Virtual Assets Summit (AVAS) 2026, amid public and business concerns about exchange-rate movements and their impact on the cost of goods and services.

“What I can promise is a good Christmas as far as the exchange rate is concerned. We will have a good Christmas,” he said.

His remarks signal the central bank's confidence in the cedi's near-term performance as the country approaches the festive season, a period typically associated with increased demand for foreign exchange to finance imports and other transactions.

The Governor's comments come against the backdrop of the latest Bank of Ghana interbank exchange-rate figures, which put the cedi at GH¢11.6142 to the US dollar for buying and GH¢11.6258 for selling.

The figures, published on Monday, November 2, 2026, by Channel One Research Desk, are based on average interbank rates at the close of business on Friday, October 30.

The central bank's reference rates also showed the pound sterling trading at GH¢15.5549 for buying and GH¢15.5704 for selling.

Meanwhile, the euro was quoted at GH¢12.9559 for buying and GH¢12.9678 for selling.

The cedi's performance remains an important economic indicator for households and businesses, particularly those dependent on imported goods, raw materials and foreign-currency transactions.

A favourable exchange-rate environment could help ease pressure on import costs and support price stability, although the actual impact will depend on broader market conditions and the sustainability of the currency's performance.

Dr Asiama's assurance will therefore be closely watched by businesses, consumers and market participants as they assess the outlook for the cedi in the weeks leading up to Christmas.

The Bank of Ghana's latest rates provide a snapshot of interbank trading at the end of October, while the Governor's comments offer his outlook for the remainder of the year.