Ghana’s local currency, the cedi, continues to appreciate on the interbank market against major trading currencies, particularly the US dollar.
In its daily update, the Bank of Ghana noted that the cedi is trading at a buying price of GH¢12.31 and a selling price of GH¢12.32 to the dollar.
The British pound is being bought at GH¢16.32 and sold at GH¢16.33, while the euro is trading at a buying price of GH¢13.71 and a selling price of GH¢13.72.
Checks by GhanaWeb Business on May 19, 2025, at 9:00 AM indicate that the cedi is trading at GH¢13.65, while the pound is selling at GH¢18.00 at some forex bureaus across the country.
Additionally, the euro is trading at GH¢15.50 on the retail market.
To curb the cedi’s depreciation, the Bank of Ghana sold over $200 million in the last quarter of 2024.
SP/VPO
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