The Bank of Ghana will soon enforce stricter rules on US dollar withdrawals, aiming to protect the cedi’s value.
Board member Isaac Adongo revealed this plan ahead of his PM Express interview with Evans Mensah.

He explained that people can still deposit dollars in their accounts. However, they will only withdraw them for verified dollar-based transactions. “We’re fine with dollar deposits. But you’ll only get dollars if you truly need them for a dollar transaction,” Adongo said.

He added, “If not, we’ll give you cedis instead.”
According to him, the central bank must regulate foreign currency use to manage the economy.

This measure comes as the cedi gains global recognition. It was recently named the world’s best-performing currency.

In January and February 2025, Ghana exported more than $2.3 billion worth of gold. This was the highest figure in over ten years.

The cedi’s strength shows across multiple currencies.
The pound dropped from GHS20.60 to GHS17.45.
The euro declined from GHS17.72 to GHS14.78.
The Canadian dollar also fell from GHS11.00 to GHS9.40.

Adongo believes these new limits on dollar access will help keep the cedi strong and the economy stable.