Back
The Cedi’s Comeback: A Call for Fair Pricing in Ghana
May 19, 2025
At a time when the macroeconomic outlook is finally shifting toward stability, the expectations of ordinary Ghanaians must align too.
Something remarkable is happening in Ghana. For the first time in a long while, the Ghanaian cedi is not in the news for its decline but for its dominance. According to Bloomberg, the cedi is currently the best-performing currency in the world, appreciating by nearly 16% against the US dollar since April 2025. This development has sparked interesting conversations about the need for prices of goods and services to decrease. All we need now is consistent and steady growth and a stable currency.
Inflation is trending downward, with April figures showing a drop to 21.2% from 22.4% in March. There is a renewed sense of hope that the Ghanaian economy is on the rise. However, something is missing. These gains must be felt in the markets, at fuel pumps, and in the pockets of ordinary Ghanaians.
At a time when the macroeconomic outlook is finally shifting toward stability, the expectations of ordinary Ghanaians must align too. This is about fairness. When the cedi depreciated in the past, businesses, both large and small, were swift to respond by increasing prices. Prices of imported goods rose almost overnight, and transport fares went up. Traders cited the inconsistent exchange rate as the rationale for price hikes, and understandably so. But now, with the cedi on the rise and the dollar down, logic and fairness dictate that those prices should decrease – not remain the same, and certainly not increase further.
14Shares
0Comments
5Favorites
13Likes
No content at this moment.