Man Who Accurately Predicted Cedi’s Rise Forecasts GH¢4.2 to $1 by End of July, Advises Investors

• A Ghanaian man who previously predicted the rise in the value of the Ghanaian cedi has issued another forecast
• In a video, the man popularly known on TikTok as Paddlemore noted that the cedi will gain more strength by the end of July, predicting GH¢3 to $1
• He further advised investors on what to do in his video, which has since gone viral and drawn various reactions

A Ghanaian man, known on TikTok as Paddlemore, who previously predicted the appreciation of the Ghanaian cedi, has released a fresh set of predictions regarding the local currency’s future.

Earlier, Paddlemore forecasted that the dollar rate would drop significantly, giving the cedi a stronger standing against the US dollar.

In a video shared on TikTok, he stated that the cedi would rise from its previous levels to trade at GH¢9 per dollar.

At the time, many Ghanaians dismissed his prediction, citing the country’s economic challenges and unstable currency trends.

However, his projection appears to be materialising. The Ghanaian cedi has shown notable gains in recent weeks and is currently trading at approximately GH¢10.36 per dollar, drawing closer to the earlier prediction.

Building on this development, Paddlemore has now made another bold claim. He predicts that by the end of June 2025, the cedi will appreciate further to reach GH¢4.2 per US$1, a rate that would mark a dramatic and unprecedented shift in Ghana’s forex landscape.

Paddlemore advises investors on cedi appreciation

Speaking in his video, Paddlemore credited the National Democratic Congress (NDC) government for the development and offered a piece of advice to investors who are still hoarding the dollars.

He noted that the government is ready to peg the dollar rate at GH¢3.50, after which the actual stabilisation process will begin.

He, therefore, advised Ghanaian businessmen to take note and get ready for a further rise in the value of the Ghanaian cedi.

Cedi ranked the best-performing currency

The Ghanaian cedi was ranked as the best-performing currency in the world in April by Bloomberg, a respected global business news publisher.

The cedi currently sells at GH¢10.95 to the US dollar, GH¢14.78 to the British pound, and GH¢12.40 to the euro.

BoG speaks on cedi appreciation

In the wake of the cedi’s strong performance, the Governor of the Bank of Ghana, Dr. Johnson Asiama, has rubbished claims that the Central Bank is unduly influencing the exchange rate.

Addressing the Ghana CEO Summit in Accra on Monday, 26 May 2025, Dr. Johnson Asiama refuted claims that the Central Bank was doing something untoward amidst the recent appreciation against the dollar.

He, however, mentioned disciplined monetary policy, foreign exchange reforms, and increased inflows as factors influencing the positive growth of the cedi.

Mahama opens up on strong performance of cedi

On his part, President John Dramani Mahama has also weighed in on the strong performance of the cedi.

Speaking at a high-level presidential session during the 60th Annual Meeting of the African Development Bank (AfDB) in Abidjan on May 27, Mahama said GH₵150 billion had been wiped off Ghana’s total debt.

He added that the cedi’s strong performance was the culmination of effective leadership.

Watch the video of Paddlemore's prediction below:

Paddlemore blasted over July cedi prediction

Netizens who saw the video of the Ghanaian man predicting a further rise in the value of the Ghanaian cedi expressed mixed reactions in the comments section.

While some hailed him for the prediction, others criticised him for crediting the current administration for the movement.

@QUEEN♥️HERSELF wrote:

"Mahama has nothing to do with the dollar fall ooo tom eiiii, Mahama koraa is shocked, wai."

@Oman hene Sarki Goma rawafhid wrote:

"Can u mention just one measure John Mahama and Ato Forson put in place that’s making the dollar perform worse than the cedi, just one?"

@AgudieAbena wrote:

"Let them reduce it so I can clear my Shein cart."

@KOBBY HIGHEST wrote:

"Mode3 nkwasiasem nkoaa, the government has nothing to do with the dollar falling, big thanks to Trump."

@Movetodetop wrote:

"The dollar is going down in every country."

Nurse in UK cries as Cedi appreciates

Earlier, YEN.com.gh reported that a Ghanaian nurse in the UK, Philipa, went viral after lamenting on TikTok about how the cedi’s strength is affecting her remittances.

Bloomberg ranked the cedi as the best-performing currency in the world, sparking calls for price reductions in Ghana.

However, this did not sound like good news to the lady who expressed her frustrations in a viral TikTok video.

Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.

Source: YEN.com.gh