Ghana cedi expected to stay stable as PwC cites central bank interventions

PricewaterhouseCoopers (PwC) Ghana projects that the Ghana cedi will remain relatively stable in the medium term. Senior Partner Vish Ashiagbor said recent Bank of Ghana foreign‑exchange interventions, including a US$2.01 billion injection in June 2026 – US$1.2 billion through the Forex Intermediation Programme and US$811 million via the FX Intervention Programme – have helped curb volatility and bolster confidence.

Ashiagbor added that the cedi is likely to trade within its current band with limited risk of major appreciation or depreciation, and that the central bank is expected to keep the policy rate unchanged at the next Monetary Policy Committee meeting as inflation risks have already been factored in. The outlook coincides with broader improvements in Ghana’s macro‑economic indicators, such as exchange‑rate stability, falling inflation and stronger investor confidence, highlighted in PwC’s 2026 Ghana Banking Survey.