Ghanaian Cedi Plummets: 1 USD Now Equals 12.46 GHS

Ghana's Economic Woes: Cedi Plummets Against the Dollar Ghana is facing a challenging economic period, marked by the significant decline of the Ghanaian cedi against the US dollar. The current exchange rate stands at 1 USD to 12.46 GHS, a situation causing widespread concern among citizens. In a recent video, a woman voiced her anxieties about the economic impact of this exchange rate. "Look at what this has done to our economy," she stated, highlighting the difficulties faced by ordinary Ghanaians. This sharp devaluation is impacting the cost of essential goods and services, adding to the financial burden on families. Experts attribute the cedi's weakness to various factors, including global economic uncertainty and domestic policy challenges. The government is working to stabilize the economy and alleviate the hardship faced by its people. However, the situation underscores the need for long-term economic reforms to ensure stability and prosperity for Ghana.