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    You are at:Home»News»Ghana cedi slips to GH¢11.13 as seasonal demand for FX intensifies
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    Ghana cedi slips to GH¢11.13 as seasonal demand for FX intensifies

    Papa LincBy Papa LincNovember 22, 2025No Comments2 Mins Read6 Views
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    Ghana cedi slips to GH¢11.13 as seasonal demand for FX intensifies
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    The Ghana cedi on Friday, November 21, 2025, closed the week weaker on the interbank market, trading at GH¢11.13 to the US dollar.

    The depreciation indicates continued pressure from major foreign currencies, partly driven by increased demand for dollars ahead of the Christmas trading season.

    According to interbank exchange rate data from the Bank of Ghana, the dollar was buying at GH¢11.11 and selling at GH¢11.13.

    The British pound traded at GH¢14.55 (buying) and GH¢14.56 (selling), while the euro was quoted at GH¢12.80 (buying) and GH¢12.61 (selling).

    These rates compare with GH¢10.96 (buying) and GH¢10.98 (selling) for the dollar just a week earlier, reflecting sustained pressure on the local currency.

    However, rates on the forex bureau market were significantly higher, with the dollar trading around GH¢12.35, the British pound at GH¢16.30, and the euro at GH¢14.20, figures that highlight demand conditions outside the official interbank environment.

    With the festive season fast approaching, imports of electronics, clothing, beverages, household items, and other consumer goods are surging, fueling elevated demand for the dollar.

    Traders at major hubs say heightened import costs, rising freight charges, and tighter supplier credit terms are pushing them to secure dollars earlier than usual.

    SP/MA

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