Despite performing admirably over the past month, the Ghana cedi is now starting to lag behind the US dollar. According to data from the Bank of Ghana (BoG), the dollar is currently selling for GH8.6067, January 5, 2023.

In light of the fact that the dollar was trading at GHS 8.6017 on January 4, this indicates a depreciation of the cedi. January 3, 2023, the dollar was trading at GH8.5817.