Despite the Ghanaian Cedi’s appreciation, domestic goods have exhibited price rigidity, limiting the expected financial relief for consumers. This phenomenon has exacerbated constraints on household spending, dampening aggregate demand and stalling broader economic expansion, as purchasing power fails to align with currency valuation gains.

The appreciation of the Ghana cedi has created mixed effects, particularly on export activity—stronger currency values have made Ghanaian exports relatively more expensive for foreign buyers, potentially slowing trade volumes. Despite the appreciation of the Cedi, domestic goods have maintained stable price levels, further constraining consumer spending and economic growth.