Ghana's strong cedi is quietly cutting what your family receives

A stronger cedi means fewer cedis per dollar you send home.

1 min read

The cedi’s roughly 40% run this year is good news for Ghana and a quiet cut for the people sending to it: a stronger cedi converts each dollar you send into fewer cedis at home. Senders are reporting received amounts down sharply year on year despite sending the same dollar figure. The move to watch is timing — sending around favorable swings, or shifting toward goods and bills paid directly rather than cash — which preserves more of the value.