Ghana’s local currency, the cedi, has depreciated slightly 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¢10.31 and a selling price of GH¢10.32 to the dollar.
The British pound is being bought at GH¢14.05 and sold at GH¢14.06, while the euro is trading at a buying price of GH¢12.16 and a selling price of GH¢12.17.
Checks by GhanaWeb Business on July 3, 2025, at 8:30 AM indicate that the cedi is trading at GH¢12.60, while the pound is selling at GH¢17.20 at some forex bureaus across the country.
Additionally, the euro is trading at GH¢14.80 on the retail market.
Meanwhile, the Bank of Ghana has announced that Ghana is expected to receive $360 million from the IMF in July 2025 to further stabilise the cedi.
GhanaWeb Special: The gold market that fuels galamsey
How social engineering hacks your mind and your bank account
