Ghana’s local currency, the cedi, has recorded marginal gains against major trading currencies, particularly the US dollar, at some forex bureaus.
In its daily update, the Central Bank noted that the cedi is trading at a buying price of GHΒ’15.47 and a selling price of GHΒ’15.49 to a dollar.
The British pound is being bought at GHΒ’19.20 and sold at GHΒ’19.22, while the euro trades at a buying price of GHΒ’16.01 and a selling price of GHΒ’16.03.
Checks by GhanaWeb Business on February 10, 2025, at 8:00 AM indicate that the cedi is trading at GHΒ’15.90 to the dollar, while the pound is trading at GHΒ’19.70 at some major forex bureaus across the country.
Additionally, the euro is trading at GHΒ’16.70 on the retail market.
To curb the depreciation of the cedi, the Bank of Ghana sold over $200 million in the last quarter of 2024.
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