Ghana’s local currency, the cedi, has experienced marginal gains against major trading currencies, especially the dollar, at some forex bureaus.
The Central Bank, in its daily update, noted that the cedi is trading at a buying price of GH¢14.94 and selling at GH¢14.95.
The British Pound is being bought at GH¢18.22 and sold at GH¢18.24.
The Euro trades at a buying price of GH¢15.39 and a selling price of GH¢15.40.
Checks by GhanaWeb Business on January 20, 2025, at 8:00 AM show that the cedi is trading at GH¢16.25 to the dollar, while the pound is trading at GH¢19.70 at some major forex bureaus across the country.
Additionally, the Euro is trading at GH¢16.80 on the retail market.
The Bank of Ghana, in its efforts to curb the depreciation of the cedi, sold some dollars worth over 200 million in the last quarter of 2024.
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