The Bank of Ghana has been reacting to concerns over the cedi’s early-year depreciation. The cedi has depreciated by about 4% against the US dollar in 2026. How Bank of Ghana supported the CediIn 2025, the Bank of Ghana injected about $10 billion into the forex market in 2025 to help stabilise the cedi. The forex came from the Bank of Ghana's Domestic Gold Purchase Programme, which was boosted by rising gold prices. The Bank of Ghana supports the cedi with forex injections to stabilise the local currency.