Claim: In November 2022, the Ghana cedi traded at GH17.20 to the dollar.

Source: Godwin Edudzi Tameklo, NPA CEO

Verdict: False

Researched by Charlotte Gbonsu

The CEO of the National Petroleum Authority (NPA), Godwin Edudzi Kudzo Tameklo claimed that the Ghana cedi traded at GH17.20 to the dollar in 2022 during the erstwhile Nana Addo Dankwa Akufo-Addo administration.

He made the claim on TV3’s Newday show on October 21, 2026, while commenting on an address Bawumia, the presidential candidate of the New Patriotic Party (NPP) delivered at a thanksgiving service in the Bono Region.

“Now, when he became the chairman of the Economic Management Team, Dr Mahamudu Bawumia, by November 2022, the Ghana cedi traded at GH17.20 to the dollar,” he said. (watch from (2:12 onwards).

On October 18, 2026, Dr Bawumia criticised the government citing unfulfilled promises and harsh living conditions of the average Ghanaian.

This fact-check will verify whether the dollar traded at GH17.20 in November 2022.

Fact-check

GhanaFact reviewed the Bank of Ghana’s (BOG) Historical Interbank Foreign Exchange Rates for November 2022 and found that the cedi traded within the GH13.00 range against the dollar from November 1, 2022 to November 30, 2022. At no point did the exchange rate reach GH17.

In May 2025, GhanaFact verified a claim by NPP Communicator Awal Mohammed that the dollar never reached GH17 under the NPP administration. We found his claim to be true according to official BoG historical...

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