TIG Post

Tag: dollar

  • Economist demands transparency on cedi-dollar exchange rate

    Economist demands transparency on cedi-dollar exchange rate

    Chartered economist Bernard Oduro Takyi has raised doubts about the accuracy of the cedi-dollar exchange rate presented by the Finance Minister to the International Monetary Fund (IMF).

    At the Annual IMF/World Bank spring meetings in Washington DC, USA, Finance Minister Dr. Amin Adam expressed optimism about Ghana’s economic outlook, stating that all necessary agreements had been made with the IMF.

    Dr. Adam cited a cedi-dollar exchange rate of GHS11 to USD1, indicating the cedi’s strong performance against the dollar. However, Mr. Oduro Takyi, also a member of the opposition National Democratic Congress (NDC), contested this claim.

    He argued that the actual exchange rate was GHS13.5 to USD1, accusing the Minister of providing misleading information to the IMF to portray the government in a more favorable light.

    Speaking on Accra 100.5 FM’s evening news, Mr. Oduro Takyi urged the minister not to underestimate the public’s intelligence with vague economic explanations. He highlighted concerns about rising inflation, particularly in food prices, contradicting the government’s projections.

    While the government projected an inflation rate of 25.8 percent, Mr. Oduro Takyi insisted that the actual rate was 28.6 percent. He emphasized that despite positive indicators in some areas, the government had failed to address key economic challenges such as debt-to-GDP ratio, exchange rates, inflation, and international reserves.

    Mr. Oduro Takyi concluded by calling for a more comprehensive approach to economic management, suggesting that the economy had not fully recovered.

  • A dollar goes for GHS13.95 at forex, BoG interbank rate at GHS13.07

    A dollar goes for GHS13.95 at forex, BoG interbank rate at GHS13.07

    Today, April 23, 2024, the Bank of Ghana’s Interbank forex rates reveal that the Ghana Cedi is exchanging against the US Dollar at a buying rate of 13.0601 and a selling rate of 13.0731.

    In Accra’s Forex bureau, the Dollar is purchased at 13.60 Cedis and sold at 13.95 Cedis.

    Against the Pound Sterling, the Cedi is traded at a buying rate of 16.1109 and a selling rate of 16.1296.

    In an Accra Forex Bureau, the Pound Sterling is bought at 16.60 Cedis and sold at 17.10 Cedis.

    The Euro is quoted at a buying rate of 13.9007 and a selling rate of 13.9145.

    At an Accra Forex Bureau, the Euro is bought at 14.15 Cedis and sold at 14.65 Cedis.

    The South African Rand has a buying rate of 0.6818 and a selling rate of 0.6822.

    In Accra’s forex bureaus, the South African Rand is purchased at 0.40 Cedis and sold at 1.10 Cedis.

    The Nigerian Naira’s buying rate is 81.6655 and a selling rate of 83.4953.

    In Accra, the Nigerian Naira is bought at 9.00 Naira for every 1 Cedi and sold at 14.00 Naira.

    For the CFA Franc, the buying rate is 47.1420 and the selling rate is 47.1888.

    In Accra’s forex bureaus, the CFA is bought at 20.50 CFA for every 1 Cedi and sold at 22.50 CFA for every 1 Cedi.

  • A dollar goes for GHS13.95 at forex, BoG interbank rate at GHS13.06 

    A dollar goes for GHS13.95 at forex, BoG interbank rate at GHS13.06 

    Today, April 22, 2024, the Interbank forex rates provided by the Bank of Ghana indicate that the Ghana Cedi is exchanging against the US Dollar at a buying rate of 13.0472 and a selling rate of 13.0602.

    Meanwhile, at a Forex bureau located in Accra, the US Dollar is purchased at a rate of 13.60 and sold at 13.95.

    In terms of the Pound Sterling, the Cedi is valued at a buying rate of 16.1563 and a selling rate of 16.1738.

    At the same Forex Bureau in Accra, the Pound Sterling is bought at 16.60 and sold at 17.10.

    Regarding the Euro, it is priced at a buying rate of 13.8919 and a selling rate of 13.9046.

    At the Accra Forex Bureau, the Euro can be bought at 14.00 and sold at 14.50.

    For the South African Rand, the buying rate stands at 0.6819 and the selling rate at 0.6821.

    At a forex bureau in Accra, the South African Rand is bought at 0.40 and sold at 1.10.

    As for the Nigerian Naira, it is listed with a buying rate of 87.7713 and a selling rate of 88.8323.

    At the Accra forex bureau, the Nigerian Naira is bought at a rate of 9.00 Naira for every 1 Cedi and sold at 14.00.

    Lastly, for the CFA Franc, it is trading at a buying rate of 47.1755 and a selling rate of 47.2187.

    At the Accra forex bureau, the CFA Franc is bought at 20.50 CFA for every 1 Cedi and sold at a rate of 22.50 CFA for every 1 Cedi.

    Note that these rates may differ at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, A ccra.

  • The dollar has been relatively stable, fuel prices won’t hit GHC18 – CBOD

    The dollar has been relatively stable, fuel prices won’t hit GHC18 – CBOD

    The Ghana Chamber of Bulk Oil Distributors (CBOD) has reassured consumers that fuel prices are unlikely to increase significantly by the end of April this year.

    The Chamber stated that its assessment of key factors affecting fuel prices, such as the exchange rate, has been stable in the last week.

    As a result, there may not be a substantial impact on the prices of petrol, diesel, and Liquefied Petroleum Gas (LPG).

    Chief Executive Officer of CBOD, Dr. Patrick Kwaku Ofori, addressed journalists in Accra and dismissed reports suggesting that petrol and diesel prices would rise to at least GHS18 per litre by the following week.

    “Despite the fear-mongering that the dollar was going to close at GHS 14, to be fair, it has been relatively stable, which is far better than what happened the previous weeks. 

    “Now the price is GHS14.99 (per litre). It’ll get to GHS18 (per litre) unless the dollar hits maybe GHS15, but I can’t foresee the dollar hitting even GHS14 by even next week,” he said. 

    Dr. Ofori urged the public and “energy experts” to refrain from making uninformed projections that could create fear among consumers and impact investments in the sector.

    He expressed concern about the impact of such speculation on consumer behavior and the volatility of fuel prices at the pumps.

    Dr. Ofori also announced CBOD’s plans to organize training courses for journalists on fuel pricing components and market dynamics, among other informative engagements. These efforts aim to reduce misinformation and improve understanding of fuel pricing.

    “We should be guided with some of our utterances. Forex commodities are sensitive to key elements within the sector and the economy. When people make certain speculations that are projections, we need to probe further,” he said. 

    After a period of relative stability, fuel prices have seen repeated hikes in the last four weeks, attributed to spikes in international prices and the depreciation of the Cedi against the US Dollar.

    Currently, petrol and diesel are priced at an average of GHS14.99 and GHS14.80 per litre at the pumps.

    Dr. Ofori highlighted that the performance of the Cedi against the Dollar and international market prices were the primary factors influencing the recent fuel price increases.

    He mentioned that the Chamber is exploring innovative approaches to improve access to forex and alleviate pressure on the Cedi.

    Contrary to claims that bulk oil distributors benefit from fuel price increments, Dr. Ofori explained that sometimes the Bulk Distribution Companies (BDCs) incur losses if their forex market projections exceed expectations.

    Dr. Ofori also expressed concern about the potential impact of ongoing tensions in the Middle East on global fuel prices, particularly if exchanges between Israel, Iran, and Gaza escalate.

    “We do not want the situation to escalate. Once it escalates, we should be certain that oil prices will go up,” he said. 

  • A dollar goes for GHS14.00 at forex, BoG interbank rates at GHS13.01

    A dollar goes for GHS14.00 at forex, BoG interbank rates at GHS13.01


    On April 19, 2024, the Interbank forex rates provided by the Bank of Ghana indicate the following currency exchange rates:

    The Ghana Cedi is trading against the dollar at a buying price of 13.0035 and a selling price of 13.0165.

    Against the Pound Sterling, the Cedi is trading at a buying price of 16.2011 and a selling price of 16.2186. The Euro is trading at a buying price of 13.8589 and a selling price of 13.8727.

    The South African Rand is trading at a buying price of 0.6789 and a selling price of 0.6793.

    The Nigerian Naira is trading at a buying price of 86.1699 and a selling price of 90.0023. For the CFA, it is trading at a buying price of 47.2840 and a selling price of 47.3311.

    At a Forex Bureau in Accra, these are the observed rates:

    Dollar is being bought at a rate of 13.55 and sold at 13.90. Pound Sterling is being bought at a rate of 16.50 and sold at a rate of 17.00. Euro is being bought at a rate of 14.00 and sold at 14.50.

    South African Rand is being bought at a rate of 0.40 and sold at a rate of 1.10. Nigerian Naira is being bought at a rate of 9.00 Naira for every 1 Cedi and sold at a rate of 14.00.

    CFA is being bought at a rate of 20.50 CFA for every 1 Cedi and sold at a rate of 22.50 CFA for every 1 Cedi.

    Note that these rates may differ at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS13.65 at forex, BoG interbank rate at GHS13.00

    A dollar goes for GHS13.65 at forex, BoG interbank rate at GHS13.00

    Today, April 16, 2024, the Bank of Ghana’s interbank forex rates reveal that the Ghana Cedi is valued against the US Dollar at 12.9907 for buying and 13.0037 for selling.

    In Accra’s Forex bureaus, the USD is traded at 13.35 for buying and 13.65 for selling.

    Against the Pound Sterling, the Cedi stands at 16.1942 for buying and 16.2117 for selling, while in Accra’s Forex bureaus, it’s bought at 16.45 and sold at 16.95.

    For the Euro, the Cedi’s rates are 13.8270 for buying and 13.8420 for selling, while in Accra’s Forex bureaus, it’s bought at 14.00 and sold at 14.50.

    The South African Rand trades at 0.6854 for buying and 0.6855 for selling, but in Accra’s Forex bureaus, it’s bought at 0.40 and sold at 1.10.

    The Nigerian Naira’s rates are 88.4821 for buying and 89.2485 for selling, but in Accra’s Forex bureaus, it’s bought at 9.00 Naira for every 1 Cedi and sold at 14.00.

    Regarding the CFA, it trades at 47.3889 for buying and 47.4403 for selling, yet in Accra’s Forex bureaus, it’s bought at 20.50 CFA for every 1 Cedi and sold at 22.50 CFA for every 1 Cedi.

  • A dollar goes for GHS13.60 at forex, BoG interbank rate at GHS12.96

    A dollar goes for GHS13.60 at forex, BoG interbank rate at GHS12.96

    Interbank forex rates from the Bank of Ghana today, April 10, 2024, indicate that the Ghana Cedi is trading against the dollar at a buying price of 12.9528 and a selling price of 12.9658.

    In Accra’s Forex bureau, the dollar is being bought at a rate of 13.25 and sold at 13.60.

    Against the Pound Sterling, the Cedi is trading at a buying price of 16.4099 and a selling price of 16.4276.

    At a Forex Bureau in Accra, the pound sterling is being bought at a rate of 16.45 and sold at a rate of 16.95.

    The Euro is trading at a buying price of 14.0592 and a selling price of 14.0720.

    At a Forex Bureau in Accra, the Euro is being bought at a rate of 14.00 and sold at 14.50.

    The South African Rand is trading at a buying price of 0.7007 and a selling price of 0.7010.

    At a forex bureau in Accra, the South African Rand is being bought at a rate of 0.40 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 95.7721 and a selling price of 96.0592.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 9.00 Naira for every 1 Cedi and sold at a rate of 14.00.

    For the CFA, it is trading at a buying price of 46.6143 and a selling price of 46.6568.

    At a forex bureau in Accra, CFA is being bought at 20.50 CFA for every 1 Cedi and sold at a rate of 22.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may differ at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Depreciation of cedi against dollar nears 10% mark in first four months of 2024

    Depreciation of cedi against dollar nears 10% mark in first four months of 2024

    The Ghanaian cedi’s depreciation against the US dollar continues its upward trajectory in the commercial forex market, nearing a 10% loss in value for the first four months of 2024.

    Since the year’s commencement, the cedi has undergone marginal depreciation, marking a year-to-date decline of around 9.37%. This represents a notable decrease from the 22.73% depreciation noted as of April 2023.

    In practical terms, commercial banks now list the exchange rate of the cedi to the dollar at an unprecedented GHS 13.055 per dollar, compared to GHS 11.55 in the corresponding period last year.

    Data from the two-week average Bank of Ghana interbank USD/GHS rate reveals a 1.69%, 0.98%, and 1.77% depreciation for January, February, and March 2024, respectively.

    This trend persists despite fresh dollar inflows and forex auctions to Bulk Oil Distribution Companies (BDCs) by the Bank of Ghana.

    Some analysts foresee a potential reversal of the cedi’s decline in the first half of the year, while others express concerns that its performance could contribute to an inflationary uptrend.

    To stabilize the cedi, the Bank of Ghana plans to auction $120 million to BDCs in the second quarter of 2024. However, ongoing demand for dollars by businesses may pose challenges to this endeavor.

    Despite maintaining the policy rate at 29%, with lending rates averaging over 32%, apprehensions linger regarding the broader ramifications of currency volatility.

    Nonetheless, Dr. Ernest Addison, Governor of the Bank of Ghana, remains optimistic, stating at the last Monetary Policy Committee meeting that the cedi is expected to maintain relative stability against the US dollar.

    He attributed this to robust reserves bolstered by improved remittance inflows anticipated in the upcoming months.

  • A dollar goes for GHS13.60 at forex, BoG interbank rates at GHS12.91

    A dollar goes for GHS13.60 at forex, BoG interbank rates at GHS12.91


    Today, April 4, 2024, the Interbank forex rates released by the Bank of Ghana indicate that the Ghana Cedi is exchanging against the dollar at a purchase rate of 12.9006 and a selling rate of 12.9136.

    Meanwhile, at a Forex bureau located in Accra, the dollar is being acquired at a rate of 13.20 and sold at 13.60.

    In terms of the Pound Sterling, the Cedi is valued at a buying rate of 16.2922 and a selling rate of 16.3098. At another Forex Bureau in Accra, the pound sterling is procured at a rate of 16.20 and sold at 16.80.

    The Euro is currently trading at a buying rate of 13.9620 and a selling rate of 13.9747. Similarly, at a Forex Bureau in Accra, the Euro can be purchased at 13.80 and sold at 14.40.

    For the South African Rand, the buying rate is 0.6904 and the selling rate is 0.6906. At an Accra-based forex bureau, the South African Rand is acquired at 0.40 and sold at 1.10.

    Moving to the Nigerian Naira, it’s being purchased at 99.7528 and sold at 101.0746. At a forex bureau in Accra, the Nigerian Naira is obtained at a rate of 8.50 Naira for every 1 Cedi and sold at 13.50.

    Lastly, for the CFA, the buying rate stands at 46.9389 and the selling rate is 46.9816. At an Accra-based forex bureau, the CFA is acquired at 21.00 CFA for every 1 Cedi and sold at a rate of 23.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may differ at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi goes for GHS13.60 at forex, BoG interbank rates at GHS12.88

    Cedi goes for GHS13.60 at forex, BoG interbank rates at GHS12.88

    Today, April 2, 2024, the Bank of Ghana‘s Interbank forex rates indicate that the Ghana Cedi is being traded against the US Dollar at a buying price of 12.8706 and a selling price of 12.8834.

    Meanwhile, at a Forex bureau in Accra, the Dollar is being bought at 13.20 and sold at 13.60.

    Against the Pound Sterling, the Cedi’s exchange rate stands at a buying price of 16.2529 and a selling price of 16.2705. Conversely, at a Forex Bureau in Accra, the Pound Sterling is bought at 16.40 and sold at 17.00.

    The Euro is valued at a buying price of 13.8962 and a selling price of 13.9100. Similarly, at a Forex Bureau in Accra, the Euro can be purchased at 14.00 and sold at 14.60.

    Regarding the South African Rand, it is being bought at 0.6786 and sold at 0.6789. However, at a forex bureau in Accra, the Rand is bought at 0.40 and sold at 1.10.

    The Nigerian Naira’s exchange rate shows a buying price of 109.9301 and a selling price of 110.3961. In Accra’s forex bureaus, the Naira is bought at 8.50 Naira for every 1 Cedi and sold at 13.50.

    Lastly, the CFA Franc is being traded at a buying price of 47.1572 and a selling price of 47.2041. At Accra’s forex bureaus, the CFA Franc is purchased at 21.00 CFA for every 1 Cedi and sold at 23.00 CFA for every 1 Cedi.

    Note that these rates may differ at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Depreciation: Dollar to sell at GHC16 if gov’t begins paying foreign debt, interest – Financial Analyst

    Depreciation: Dollar to sell at GHC16 if gov’t begins paying foreign debt, interest – Financial Analyst

    Financial analyst and US economist Scott Bolshevik has warned that the country’s economic challenges could worsen, especially concerning the value of the Ghanaian cedi.

    He suggested that the cedi’s current value might be artificial and could depreciate further, potentially reaching 16 against the US dollar if the government begins to pay off foreign debt and interest.

    In a post on X, he wrote, “the worse is yet to come as the current cedi value is artificial and it may move to 16 if the government start to pay foreign debt and interest.”

    https://twitter.com/scottbolshevik/status/1763873768772931935?s=46

    The Ghana cedi has lost about 4.44% in value to the US dollar since the beginning of the year.

    Last week, the local currency weakened 1.37% to the American greenback week-on-week, as a result of immense corporate demand and cedi-funded foreign exchange pressure.

    Despite the Central Bank selling $18.5 million on the spot market, it could not keep the cedi afloat as it weakened to close at a mid-rate of GH¢12.75 to the dollar. Similarly, the cedi shed 1.10% and 1.47% to the pound and the euro, respectively, on the retail market.

    The government during the week paid off coupon obligations on the new bonds, releasing a total of about GH¢5.1 billion to investors.

    Currently, a dollar is inching towards GHC13.

    According to the Bank of Ghana, the cedi lost about 0.7% in value to the dollar in January 2024.

    Its January 2024 Summary of Economic and Financial Data revealed that the cedi began 2024 better than the same period in 2023. It lost 20.6% in value to the American greenback in January 2023.

    However, the situation worsened in February 2024.

    Bolshevik also criticized Ghana’s economic situation, highlighting a stark contrast between the country’s citizens and the wealth accumulation of the Addo family and their associates.

    Bolshevik pointed out that Ghana had shifted from alleviating poverty to experiencing famine within just 8 years. Despite this hardship faced by the population, the Addo family and their cronies allegedly continue to amass wealth.

  • A dollar selling at GHC12.80 as demand for foreign currency grows

    A dollar selling at GHC12.80 as demand for foreign currency grows

    Continued demand pressures for the dollar are expected to exert further downward pressure on the cedi’s performance this week, according to reports.

    Last week saw a slight depreciation of the local currency, resulting in a year-to-date loss of approximately 3.0%.

    Persistently high demand for the dollar hindered the cedi’s performance across major trading currencies.

    Despite the Central Bank’s injection of $3 million into the market, the local currency struggled, depreciating by 0.60% against the American dollar to close the week at GH¢12.80 in the retail market. While it depreciated by 0.16% against the pound, it managed to gain 0.19% against the euro.

    Meanwhile, global creditors and rating agencies held discussions last week regarding their impact on debt-distressed nations like Ghana. The meeting focused on how rating agencies’ actions have exacerbated borrowing costs post-debt restructuring.

    Analysts suggest that a positive revision to the rating method for such countries could bolster investor confidence in Ghana and potentially improve the cedi’s outlook in the medium term.

    However, despite these potential developments, pressure on the cedi is expected to persist in the near future.

  • Ghana cedi loses 2.2% in value to dollar in January 2024

    The Ghanaian cedi has depreciated by 2.2% against the US dollar since January 2024, despite the approval of the first review of the International Monetary Fund (IMF) program by the Board on January 19, 2023.

    Last week, the local currency faced challenges against major trading currencies due to a stronger US dollar, even with foreign exchange liquidity injection.

    The US dollar index closed 100 basis points stronger at 103.24 after robust US economic data suggested a cautious approach from the Federal Reserve in cutting policy rates.

    Despite the Bank of Ghana’s $11.6 million spot market support, the cedi ended the week 1.60% weaker at a mid-rate of GH¢12.53/$ on the retail market. It also experienced a 1.12% and 1.11% week-on-week dip against the pound and the euro, respectively, on the retail market.

    Analysts anticipate improved investor sentiment with the expected inflow of the $600 million bailout package and other budgetary support from the World Bank to mitigate the cedi’s depreciation. Despite ongoing corporate demand, they believe the forex market sentiment will improve as cash inflow from the IMF and World Bank should enhance supply-side intervention and provide near-term support to the cedi.

    As of the current week, the cedi has started strong, trading at GH¢12.43 to one US dollar.

    In another development, Ghana successfully negotiated terms with bilateral creditors on January 12, 2024, to restructure a $5.4 billion debt with the Official Creditor Committee. The World Bank confirmed that this debt rework has unlocked a release of $300 million in budget support from the International Development Association (IDA), which will be considered by the executive board this week.

  • Dollar selling at GHS12.20 at forex, BoG interbank rate at GHS11.65 

    Dollar selling at GHS12.20 at forex, BoG interbank rate at GHS11.65 


    As of December 25, 2023, the Interbank forex rates released by the Bank of Ghana indicate that the Ghana Cedi is currently valued at a buying rate of 11.6399 and a selling rate of 11.6515 against the US Dollar.

    In Accra’s Forex bureaus, the exchange rate for purchasing the US Dollar is 12.00, while the selling rate is 12.20.

    Against the Pound Sterling, the Ghana Cedi is trading at a buying rate of 14.8067 and a selling rate of 14.8239. In Accra’s Forex Bureau, the Pound Sterling is bought at a rate of 15.00 and sold at a rate of 15.40.

    The Euro has a buying rate of 12.8197 and a selling rate of 12.8323, and in Accra’s Forex Bureau, it is bought at 12.80 and sold at 13.30.

    For the South African Rand, the buying rate is 0.6301, the selling rate is 0.6307. In Accra’s forex bureaus, it is bought at a rate of 0.40 and sold at a rate of 1.10.

    The Nigerian Naira is traded at a buying rate of 77.7534 and a selling rate of 77.8814. In Accra, the Nigerian Naira is bought at a rate of 9.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    Regarding the CFA, the buying rate is 51.1176, and the selling rate is 51.1679. In Accra’s Forex bureaus, the CFA is bought at a rate of 17.20 for every 1 Cedi and sold at a rate of 19.80 for every 1 Cedi.

  • Dollar selling at GHS12.25 at forex, BoG interbank rate at GHS11.64 

    The Bank of Ghana’s Interbank forex rates for today, December 19, 2023, reveal the trading values of the Ghana Cedi against various foreign currencies.

    Against the US Dollar, the Cedi is listed at a buying price of 11.6373 and a selling price of 11.6489.

    However, at a Forex bureau in Accra, the dollar is being bought and sold at slightly different rates, with a buying rate of 12.10 and a selling rate of 12.25.

    Moving to the Pound Sterling, the Cedi’s buying price is 14.7258, and the selling price is 14.7417. At a Forex Bureau in Accra, the Pound Sterling is being bought at a rate of 15.10 and sold at 15.50.

    For the Euro, the Cedi has a buying price of 12.7122 and a selling price of 12.7248. Meanwhile, at a Forex Bureau in Accra, the Euro is being bought at a rate of 12.80 and sold at 13.30.

    The South African Rand trades at a buying price of 0.6247 and a selling price of 0.6252. In Accra’s forex bureau, it is bought at a rate of 0.40 and sold at 1.10.

    The Nigerian Naira has a buying price of 68.6630 and a selling price of 69.0770. In Accra’s forex bureau, it is bought at a rate of 9.00 Naira for every 1 Cedi and sold at 15.00. Lastly, for the CFA, the buying price is 51.5495, and the selling price is 51.6006. At a forex bureau in Accra, it is bought at a rate of 17.30 CFA for every 1 Cedi and sold at 19.80 CFA for every 1 Cedi.

  • Dollar selling at GHS12.25 at forex, BoG interbank rate at GHS11.64 

    Today, on December 18, 2023, the Bank of Ghana has released the Interbank forex rates, revealing the current exchange rates for various currencies against the Ghana Cedi.

    The Ghana Cedi is trading against the United States Dollar (USD) at a buying price of 11.6373 and a selling price of 11.6489 according to the Interbank rates. In Forex bureaus in Accra, the dollar is being bought at a rate of 12.05 and sold at 12.25.

    Against the Pound Sterling (GBP), the Cedi is trading at a buying price of 14.7933 and a selling price of 14.8093. At Forex Bureaus in Accra, the pound sterling is being bought at a rate of 15.00 and sold at a rate of 15.40.

    For the Euro (EUR), it is trading at a buying price of 12.7079 and a selling price of 12.7206. In Forex Bureaus in Accra, the Euro is being bought at a rate of 12.80 and sold at a rate of 13.30.

    The South African Rand (ZAR) is trading at a buying price of 0.6362 and a selling price of 0.6367. In Forex bureaus in Accra, the South African Rand is being bought at a rate of 0.40 and sold at a rate of 1.10.

    The Nigerian Naira (NGN) is trading at a buying price of 68.2069 and a selling price of 68.2396. In Forex bureaus in Accra, the Nigerian Naira is being bought at a rate of 9.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    As for the West African CFA (CFA), it is trading at a buying price of 51.5665 and a selling price of 51.6180.

    In Forex bureaus in Accra, the CFA is being bought at a rate of 17.30 for every 1 Cedi and sold at a rate of 19.80 for every 1 Cedi.

    These rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS12.25 at forex, BoG interbank rate at  GHS11.63

    A dollar goes for GHS12.25 at forex, BoG interbank rate at  GHS11.63

    As of December 11, 2023, the Interbank forex rates from the Bank of Ghana reveal the exchange rates for the Ghana Cedi against various currencies.

    The Ghana Cedi is currently trading against the US Dollar at a buying price of 11.6243 and a selling price of 11.6359. In Accra’s Forex bureau, the Dollar is being bought at a rate of 12.00 and sold at 12.25.

    Against the Pound Sterling, the Cedi is trading at a buying price of 14.5838 and a selling price of 14.5996. At an Accra-based Forex Bureau, the Pound Sterling is being bought at a rate of 14.90 and sold at a rate of 15.40.

    For the Euro, the exchange rate stands at a buying price of 12.5215 and a selling price of 12.5340. In Accra’s Forex Bureau, the Euro is being bought at a rate of 12.80 and sold at a rate of 13.30.

    The South African Rand is trading at a buying price of 0.6152 and a selling price of 0.6158. In Accra’s forex bureau, the Rand is being bought at a rate of 0.40 and sold at a rate of 1.10.

    The Nigerian Naira has a buying price of 71.7965 and a selling price of 71.9684. At a forex bureau in Accra, the Naira is being bought at a rate of 9.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    Finally, for the CFA, the buying price is 52.3342, and the selling price is 52.3865. In Accra’s Forex Bureau, the CFA is being bought at a rate of 17.30 CFA for every 1 Cedi and sold at a rate of 19.80 CFA for every 1 Cedi.

  • Cedi trading at GHS12.25 per dollar, BoG interbank rate at GHS11.63

    Cedi trading at GHS12.25 per dollar, BoG interbank rate at GHS11.63


    Today’s Interbank forex rates from the Bank of Ghana, dated December 8, 2023, indicate that the Ghana Cedi is currently trading against the US Dollar at a buying rate of 11.6236 and a selling rate of 11.6352.

    In Accra’s Forex bureau, the Dollar is being bought at 12.00 and sold at 12.25.

    Against the Pound Sterling, the Cedi has a buying rate of 14.6085 and a selling rate of 14.6243.

    At an Accra Forex Bureau, the Pound Sterling is bought at 15.00 and sold at 15.50.

    The Euro is trading at a buying rate of 12.5309 and a selling rate of 12.5434.

    In an Accra Forex Bureau, the Euro is bought at 12.80 and sold at 13.30.

    For the South African Rand, the buying rate is 0.6175, and the selling rate is 0.6180.

    In an Accra Forex Bureau, the South African Rand is bought at 0.40 and sold at 1.10.

    The Nigerian Naira has a buying rate of 72.2385 and a selling rate of 72.8688.

    At an Accra Forex Bureau, the Nigerian Naira is bought at 9.00 Naira per 1 Cedi and sold at 15.00.

    Regarding the CFA, the buying rate is 52.2950, and the selling rate is 52.3472.

    In an Accra Forex Bureau, the CFA is bought at 17.30 CFA per 1 Cedi and sold at 19.80 CFA per 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Bureaus selling a dollar at GHS12.25, BoG interbank rate at GHS11.63

    Bureaus selling a dollar at GHS12.25, BoG interbank rate at GHS11.63

    As of December 5, 2023, the Bank of Ghana‘s Interbank forex rates reveal that the Ghana Cedi is exchanging against the US Dollar with a buying rate of 11.6188 and a selling rate of 11.6304.

    In Accra’s Forex bureaus, the Dollar is purchased at 12.00 and sold at 12.25.

    Against the Pound Sterling, the Cedi is traded at a buying rate of 14.6652 and a selling rate of 14.6811.

    In Accra’s Forex Bureau, the Pound Sterling is bought at 15.00 and sold at 15.50.

    The Euro is listed at a buying rate of 12.5709 and a selling rate of 12.5823.

    At an Accra Forex Bureau, the Euro is acquired at 13.00 and sold at 13.50.

    For the South African Rand, the buying rate is 0.6171 and the selling rate is 0.6175.

    At an Accra forex bureau, the South African Rand is bought at 0.40 and sold at 1.10.

    The Nigerian Naira has a buying rate of 74.7897 and a selling rate of 74.8413.

    In Accra’s forex bureau, the Nigerian Naira is acquired at 9.00 Naira per 1 Cedi and sold at 15.00.

    The CFA Franc is transacted at a buying rate of 52.1333 and a selling rate of 52.1806.

    At an Accra forex bureau, the CFA Franc is bought at 17.30 CFA per 1 Cedi and sold at 19.80 CFA per 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Depreciation of cedi expected to slow down this week

    Depreciation of cedi expected to slow down this week

    The pace of the depreciation of the cedi is anticipated to slow down, despite a 1.22% loss to the US dollar last week, leading to a year-to-date loss of over 14% in the retail market, per reports.

    This expectation is attributed to an additional policy measure implemented by the Bank of Ghana (BoG), which involves unifying currency denominations and increasing the Cash Reserve Ratio of banks to 15%, effective November 30, 2023.

    The Central Bank’s move to unify currency denominations for the cash reserve ratio aims to slightly alleviate foreign exchange liquidity constraints in the coming weeks.

    Governor of the Bank of Ghana, Dr. Ernest Addison, announced that banks would now hold reserves in foreign deposits in the local currency.

    Analysts anticipate that this change will enhance foreign exchange liquidity in the short term, as banks sell forex to unlock cedi liquidity. The increased Cash Reserve Ratio is expected to absorb some cedi liquidity, easing cedi-funded foreign exchange demand in the upcoming weeks.

    This policy measure is projected to release approximately $750 million, improving liquidity conditions in the forex market, particularly around the Christmas season.

    In the previous week, forex liquidity remained limited, with minimal intervention from the Bank of Ghana, leading to the depreciation of the cedi against major trading currencies. The currency experienced weekly declines of 1.48% and 0.94% against the pound and euro, respectively.

  • Bureaus selling a dollar at GHS12.30, BoG interbank rate at GHS11.62

    Bureaus selling a dollar at GHS12.30, BoG interbank rate at GHS11.62

    As of today, December 4, 2023, the Interbank forex rates provided by the Bank of Ghana indicate that the Ghana Cedi is exchanging against the US Dollar at a purchase rate of 11.6148 and a selling rate of 11.6264.

    Meanwhile, at a Forex bureau situated in Accra, the dollar is available for purchase at 12.10 and can be sold at 12.30.

    In relation to the Pound Sterling, the Cedi is valued at a buying rate of 14.6741 and a selling rate of 14.6900.

    Additionally, at a Forex Bureau in Accra, the Pound Sterling is bought at 15.00 and sold at 15.50.

    The Euro is currently trading at a buying rate of 12.6698 and a selling rate of 12.6813. At an Accra-based Forex Bureau, the Euro can be acquired at 13.00 and sold at 13.50.

    For the South African Rand, the buying price stands at 0.6156, with a selling price of 0.6161. In Accra’s forex bureau, the South African Rand is being bought at a rate of 0.40 and sold at a rate of 1.10.

    As for the Nigerian Naira, it is valued at a buying rate of 72.9911 and a selling rate of 73.0599. At the Accra forex bureau, the Nigerian Naira can be purchased at a rate of 9.00 Naira per 1 Cedi and sold at a rate of 15.00.

    Finally, concerning the CFA, it is trading at a buying rate of 51.7263 and a selling rate of 51.7733. At an Accra-based forex bureau, the CFA is acquired at a rate of 17.30 CFA for every 1 Cedi and sold at a rate of 19.80 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi has lost 25.8% of its value to the dollar this year – BoG

    Cedi has lost 25.8% of its value to the dollar this year – BoG

    As of November 2023, the Ghana cedi has experienced a depreciation of approximately 25.8% against the US dollar, according to the Bank of Ghana’s November 2023 Summary of Economic and Financial Data.

    The cedi had maintained relative stability from March 2023 to September 2023 but began losing ground in October and November 2023.

    In March 2023, the depreciation rate was 22.1%, which increased to 22.9% in September. However, in October and November 2023, the depreciation rates were recorded at 25.4% and 25.8%, respectively. Currently, the cedi is trading at around 12.15 against the US dollar.

    Against the pound and the euro, the cedi has depreciated by 28.6% and 27.7%, respectively. The recent pressure on the local currency is attributed to increased demand for the US dollar by corporates and importers ahead of the festive season.

    Despite the efforts of the Bank of Ghana, which auctioned $20 million to Bulk Oil Distribution Companies (BDCs) and provided $2 million on the spot market, the cedi weakened in the face of these challenges.

    The recent approval of the $800 million cocoa syndication loan by Parliament and the $102.6 million African Development Bank budget support program for Ghana is expected to contribute to the relative stability of the cedi in the coming weeks.

  • Bureaus selling a dollar at GHS12.25, BoG interbank rate at GHS11.58

    Bureaus selling a dollar at GHS12.25, BoG interbank rate at GHS11.58

    As of November 24, 2023, the Bank of Ghana’s Interbank forex rates indicate that the Ghana Cedi trades against the dollar with a buying price of 11.5687 and a selling price of 11.5803.

    In Accra’s Forex bureau, the dollar is bought at 12.05 and sold at 12.25. Against the Pound Sterling, the Cedi has a buying price of 14.5002 and a selling price of 14.5170.

    In Accra’s Forex Bureau, the pound sterling is bought at 14.80 and sold at 15.30.

    The Euro has a buying price of 12.6177 and a selling price of 12.6301, while in Accra’s Forex Bureau, it is bought at 12.85 and sold at 13.35.

    The South African Rand trades with a buying price of 0.6153 and a selling price of 0.6159, while in Accra’s forex bureau, it is bought at 0.40 and sold at 1.10.

    The Nigerian Naira has a buying price of 76.8932 and a selling price of 77.7571, with a rate of 9.00 Naira for every 1 Cedi when bought and 15.00 Naira for every 1 Cedi when sold in Accra’s forex bureau.

    For the CFA, it has a buying price of 51.9360 and a selling price of 51.9870, and in Accra’s forex bureau, it is bought at 17.00 CFA for every 1 Cedi and sold at 19.50 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • EIU predicts single-digit depreciation for cedi against dollar in 2024

    EIU predicts single-digit depreciation for cedi against dollar in 2024

    The Ghanaian cedi is expected to undergo a single-digit depreciation against the US dollar in 2024, according to The Economist Intelligence Unit’s (EIU) 2024 Africa Outlook Report. The EIU attributes this potential stability to the positive impacts of the International Monetary Fund (IMF) programme.

    The report highlights that only five African countries—Egypt, Sudan, Ethiopia, Angola, and Zimbabwe—are projected to experience double-digit depreciation of their currencies in 2024. Conversely, countries in the CFA franc zone, representing Central and West African nations, are anticipated to witness currency appreciation during the same period.

    While the report predicts currency depreciation against the US dollar across much of Africa in 2024, it suggests that the adjustments will be less severe than those recorded in 2023.

    Despite this positive outlook, the Ghanaian cedi is currently trading at ¢12.18 in the retail market, facing persistent pressure. High demand from corporates and importers, particularly in anticipation of the Christmas season, remains a contributing factor.

    However, the imminent arrival of the first tranche of the Cocoa Syndication Loan, following parliamentary approval, is expected to alleviate some of this pressure. GCB Capital underscores that the cedi’s future stability is contingent on the timing of expected foreign exchange inflows from the cocoa syndication loan and the second tranche of the International Monetary Fund.

    Analysts and market observers anticipate that these inflows, scheduled for the remainder of quarter 4, 2023, will significantly influence the cedi’s performance for the rest of the year.

  • A dollar goes for GHS12.20 at forex, BoG interbank rate at GHS11.56 

    A dollar goes for GHS12.20 at forex, BoG interbank rate at GHS11.56 


    The Bank of Ghana’s Interbank forex rates on November 21, 2023, reveal that the Ghana Cedi is currently trading against the dollar at a buying price of 11.5552 and a selling price of 11.5668.

    In Accra’s Forex bureau, the dollar commands a buying rate of 12.00 and a selling rate of 12.20.

    Against the Pound Sterling, the Cedi is valued at a buying price of 14.4382 and a selling price of 14.4538.

    At a local Forex Bureau in Accra, the pound sterling is acquired at a rate of 14.65 and sold at a rate of 15.15.

    The Euro stands at a buying price of 12.6429 and a selling price of 12.6544.

    In Accra’s Forex Bureau, the Euro transacts at a buying rate of 12.70 and a selling rate of 13.20.

    The South African Rand holds a buying price of 0.6282 and a selling price of 0.6288.

    At an Accra-based forex bureau, the South African Rand is bought at a rate of 0.40 and sold at a rate of 1.10.

    The Nigerian Naira trades with a buying price of 70.9004 and a selling price of 71.8372.

    In an Accra forex bureau, the Nigerian Naira is bought at a rate of 9.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    As for the CFA, it is quoted at a buying price of 51.8363 and a selling price of 51.8834.

    At an Accra-based forex bureau, the CFA is purchased at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 19.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Forex rates show a cedi goes for GHS12.10 to $1, BoG interbank rate at GHS11.50

    Forex rates show a cedi goes for GHS12.10 to $1, BoG interbank rate at GHS11.50

    Today’s Bank of Ghana Interbank Forex Rates, as of November 3, 2023 has it that, the Ghana Cedi is trading against the US Dollar at a buying price of 11.4960 and a selling price of 11.5076.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.9930 and a selling price of 14.0081.

    The Euro is trading at a buying price of 12.2071 and a selling price of 12.2192.

    The South African Rand is trading at a buying price of 0.6226 and a selling price of 0.6231.

    The Nigerian Naira is trading at a buying price of 72.1183 and a selling price of 72.3461.

    For the CFA, it is trading at a buying price of 54.1491 and a selling price of 54.1983.

    Forex Bureau Rates in Accra for the same date:

    The US Dollar is being bought at a rate of 11.85 and sold at a rate of 12.10.

    The Pound Sterling is being bought at a rate of 14.30 and sold at a rate of 14.80.

    The Euro is being bought at a rate of 12.50 and sold at a rate of 12.90.

    The South African Rand is being bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is being bought at a rate of 8.50 Naira for every 1 Cedi and sold at a rate of 14.50.

    The CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 19.50 CFA for every 1 Cedi.

  • A dollar goes for GHS12.10 at forex, BoG interbank rate at GHS11.50

    A dollar goes for GHS12.10 at forex, BoG interbank rate at GHS11.50

    On November 2, 2023, the Bank of Ghana’s Interbank forex rates indicate the following currency exchange rates:

    The Ghana Cedi is trading against the US Dollar with a buying price of 11.4936 and a selling price of 11.5050.

    At a Forex bureau in Accra, the US Dollar is being bought at a rate of 11.85 and sold at 12.10.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.9244 and a selling price of 13.9395.

    At a Forex Bureau in Accra, the Pound Sterling is being bought at a rate of 14.30 and sold at a rate of 14.80.

    The Euro is trading at a buying price of 12.1029 and a selling price of 12.1139.

    At a Forex Bureau in Accra, the Euro is being bought at a rate of 12.50 and sold at a rate of 12.90.

    The South African Rand is trading at a buying price of 0.6173 and a selling price of 0.6178.

    At a Forex bureau in Accra, the South African Rand is being bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is trading at a buying price of 70.4391 and a selling price of 70.5260.

    At a Forex bureau in Accra, the Nigerian Naira is being bought at a rate of 8.50 Naira for every 1 Cedi and sold at a rate of 14.50.

    For the CFA, it is trading at a buying price of 54.1491 and a selling price of 54.1983.

    At a Forex bureau in Accra, the CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 19.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi opens November at GHS12.20 per $1, GHS11.50 on BoG Interbank

    Cedi opens November at GHS12.20 per $1, GHS11.50 on BoG Interbank

    The Bank of Ghana’s Interbank forex rates as of November 1, 2023, has it that the Ghana Cedi is currently trading against the US Dollar at a buying price of 11.4906 and a selling price of 11.5020.

    At a Forex bureau situated in Accra, the US Dollar is being bought at a rate of 11.95 and sold at 12.20.

    In the case of the Pound Sterling, the Cedi is trading at a buying price of 13.9323 and a selling price of 13.9474.

    At a Forex Bureau located in Accra, the Pound Sterling is being purchased at a rate of 14.30 and sold at 14.80.

    For the Euro, the Cedi is currently trading at a buying price of 12.1383 and a selling price of 12.1493.

    At a Forex Bureau in Accra, the Euro can be acquired at a rate of 12.50 and sold at a rate of 12.90.

    The South African Rand, on the other hand, is trading at a buying price of 0.6129 and a selling price of 0.6135.

    At a forex bureau based in Accra, the South African Rand can be bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is trading at a buying price of 70.4575 and a selling price of 70.5009.

    At a forex bureau in Accra, the Nigerian Naira is obtainable at a rate of 8.00 Naira for every 1 Cedi when buying and sold at a rate of 14.50.

    Finally, for the CFA, it is trading at a buying price of 53.9913 and a selling price of 54.0403.

    At a forex bureau in Accra, the CFA can be acquired at a rate of 17.00 CFA for every 1 Cedi when buying and sold at a rate of 19.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS12.20 at forex, BoG interbank rate at GHs11.47

    A dollar goes for GHS12.20 at forex, BoG interbank rate at GHs11.47

    On October 31, 2023, the Bank of Ghana’s Interbank forex rates indicate the following currency exchange values:

    Ghana Cedi is trading against the US Dollar at a buying price of 11.4656 and a selling price of 11.4770. At a Forex bureau in Accra, the US Dollar is being bought at a rate of 11.90 and sold at 12.20.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.9364 and a selling price of 13.9515. At a Forex Bureau in Accra, the Pound Sterling is being bought at a rate of 14.25 and sold at a rate of 14.75.

    The Euro is trading at a buying price of 12.1768 and a selling price of 12.1879. At a Forex Bureau in Accra, the Euro is being bought at a rate of 12.40 and sold at a rate of 12.80.

    The South African Rand is trading at a buying price of 0.6103 and a selling price of 0.6110. At a Forex bureau in Accra, the South African Rand is being bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is trading at a buying price of 69.1578 and a selling price of 70.2911. At a Forex bureau in Accra, the Nigerian Naira is being bought at a rate of 8.00 Naira for every 1 Cedi and sold at a rate of 14.00.

    For the CFA, it is trading at a buying price of 53.8203 and a selling price of 53.8694. At a Forex bureau in Accra, the CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 19.50 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS12.25 at forex, BoG interbank rate at GHS11.46

    A dollar goes for GHS12.25 at forex, BoG interbank rate at GHS11.46

    The latest Interbank forex rates published by the Bank of Ghana on October 25, 2023, indicate that the Ghana Cedi is exchanging against the US Dollar at a buying rate of 11.4522 and a selling rate of 11.4636.

    In a Forex bureau located in Accra, the US Dollar is being purchased at 12.00 and sold at 12.25.

    Regarding the Pound Sterling, the Cedi is trading at a buying rate of 13.9350 and a selling rate of 13.9501.

    At an Accra-based Forex Bureau, the Pound Sterling is available for purchase at 14.45 and can be sold at 14.85.

    The Euro is listed at a buying rate of 12.1332 and a selling rate of 12.1453.

    At a Forex Bureau in Accra, the Euro can be acquired at a rate of 12.50 for buying and sold at a rate of 12.95.

    The South African Rand has a buying rate of 0.6011 and a selling rate of 0.6014.

    In an Accra-based forex bureau, the South African Rand can be bought for 0.35 and sold for 0.95.

    The Nigerian Naira is quoted at a buying rate of 71.2644 and a selling rate of 72.6835.

    At an Accra forex bureau, the Nigerian Naira can be bought at a rate of 8.50 Naira for every 1 Cedi and sold at a rate of 14.00.

    As for the CFA, it is trading at a buying rate of 54.0091 and a selling rate of 54.0630.

    In a forex bureau located in Accra, the CFA is obtainable at a rate of 17.50 CFA for every 1 Cedi for buying and can be sold at a rate of 20.00 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A cedi goes for GHS12.25 per dollar, BoG interbank rate at GHS11.44

    A cedi goes for GHS12.25 per dollar, BoG interbank rate at GHS11.44

    As of October 24, 2023, according to the Bank of Ghana’s interbank forex rates, the Ghana Cedi is trading against the US Dollar at a buying price of 11.4362 and a selling price of 11.4476.

    In Accra’s forex bureaus, the US Dollar is being bought at 12.00 and sold at 12.25.

    Against the Pound Sterling, the Cedi has a buying price of 13.9819 and a selling price of 13.9970, while in Accra’s forex bureaus, the Pound Sterling is bought at 14.50 and sold at 14.90.

    The Euro’s rates are 12.1740 for buying and 12.1851 for selling. In Accra, the Euro is purchased at 12.50 and sold at 12.95.

    The South African Rand’s rates are 0.6040 for buying and 0.6046 for selling, and in Accra’s forex bureaus, it’s bought at 0.35 and sold at 0.95.

    The Nigerian Naira is traded at a buying price of 71.3535 and a selling price of 73.3672, while in Accra’s forex bureaus, the rate is 8.50 Naira for every 1 Cedi when buying and 14.00 when selling.

    Finally, for the CFA, the buying rate is 53.8327 and the selling rate is 53.8818, and in Accra’s forex bureaus, it’s bought at a rate of 17.50 CFA for every 1 Cedi and sold at a rate of 20.00 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS12.20 at forex, BoG interbank rate at GHS11.36

    A dollar goes for GHS12.20 at forex, BoG interbank rate at GHS11.36

    As of October 19, 2023, the Bank of Ghana’s interbank forex rates indicate that the Ghana Cedi is trading against the US Dollar with a buying price of 11.3548 and a selling price of 11.3662.

    In Accra’s Forex bureaus, the Dollar is being purchased at 11.90 and sold at 12.20.

    Regarding the Pound Sterling, the Cedi has a buying rate of 13.7916 and a selling rate of 13.8065.

    Accra’s Forex Bureaus offer the Pound Sterling at a buying rate of 14.40 and a selling rate of 14.80.

    The Euro is traded with a buying price of 11.9563 and a selling price of 11.9682.

    In Accra’s Forex Bureaus, the Euro is acquired at a buying rate of 12.35 and sold at 12.75.

    The South African Rand can be obtained with a buying price of 0.5961 and a selling price of 0.5967.

    Accra’s Forex Bureaus deal with the South African Rand, buying it at 0.35 and selling it at 0.95.

    The Nigerian Naira’s buying rate is 68.1695, and the selling rate is 68.2576.

    In Accra’s Forex Bureaus, the Nigerian Naira is purchased at 9.50 Naira for 1 Cedi and sold at 14.50 Naira for 1 Cedi.

    As for the CFA, it has a buying price of 54.8083 and a selling price of 54.8629.

    In Accra’s Forex Bureaus, the CFA is bought at a rate of 16.50 CFA for 1 Cedi and sold at a rate of 19.00 CFA for 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.90 at forex, BoG interbank rates GHS11.30

    A dollar goes for GHS11.90 at forex, BoG interbank rates GHS11.30

    On October 13, 2023, the Bank of Ghana’s Interbank forex rates reveal the following exchange rates indicating that, the Ghana Cedi is trading against the dollar at a buying price of 11.2952 and a selling price of 11.3066, while in a Forex bureau in Accra, the dollar is being bought at a rate of 11.70 and sold at 11.90.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.7949 and a selling price of 13.8098, with the pound sterling being bought at a rate of 14.25 and sold at a rate of 14.70 in an Accra Forex Bureau.

    The Euro is trading at a buying price of 11.9199 and a selling price of 11.9307, whereas at a Forex Bureau in Accra, the Euro is being bought at a rate of 12.20 and sold at a rate of 12.60.

    The South African Rand is trading at a buying price of 0.5974 and a selling price of 0.5979, with a Forex bureau in Accra buying the South African Rand at a rate of 0.35 and selling it at a rate of 0.95.

    The Nigerian Naira is trading at a buying price of 68.0477 and a selling price of 68.0477, while at a Forex bureau in Accra, it’s being bought at a rate of 10.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    For the CFA, it is trading at a buying price of 54.9806 and a selling price of 55.0304, with a Forex bureau in Accra buying it at a rate of 16.50 CFA for every 1 Cedi and selling it at a rate of 19.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.95 at forex, BoG interbank rate at GHS11.23

    A dollar goes for GHS11.95 at forex, BoG interbank rate at GHS11.23

    The Bank of Ghana’s Interbank forex rates on October 9, 2023, reveal that the Ghana Cedi is exchanging against the US dollar at a purchase rate of 11.2231 and a selling rate of 11.2343.

    In an Accra-based Forex bureau, the Dollar is being purchased at a rate of 11.65 and sold at 11.95.

    Against the Pound Sterling, the Cedi has a buying rate of 13.7326 and a selling rate of 13.7486.

    At a Forex Bureau in Accra, the Pound Sterling is being acquired at a rate of 14.10 and sold at 14.60.

    The Euro is currently trading at a buying rate of 11.8753 and a selling rate of 11.8870.

    In an Accra-based Forex Bureau, the Euro can be purchased at a rate of 12.00 and sold at a rate of 12.50.

    The South African Rand has a buying rate of 0.5811 and a selling rate of 0.5815.

    At a Forex bureau in Accra, the South African Rand is being bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira has a buying rate of 68.3739 and a selling rate of 68.4184.

    In an Accra-based Forex bureau, the Nigerian Naira is being bought at a rate of 10.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    Regarding the CFA, it is trading at a buying rate of 55.1827 and a selling rate of 55.2371.

    In a Forex bureau in Accra, the CFA can be bought at a rate of 16.50 CFA for every 1 Cedi and sold at a rate of 20.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Fitch Solutions projects cedi to appreciate by 1% to dollar next year

    Fitch Solutions projects cedi to appreciate by 1% to dollar next year

    Fitch Solutions has revealed that the Ghanaian cedi is anticipated to strengthen by approximately 1.0% against the US dollar in 2024 in its latest Country Risk report on Ghana.

    This projected gain positions it as one of the top-performing currencies in Africa during that timeframe.

    According to the UK-based firm, the government is expected to make significant headway in the restructuring of Ghana’s external debt through the G20 Common Framework by the second quarter of 2024. This development is predicted to bolster investor confidence in Ghanaian assets, stimulate capital inflows, and provide essential support to the strength of the cedi.

    “We forecast that the exchange rate will strengthen by roughly 1% in 2024 as we believe that the authorities will make progress regarding the restructuring of Ghana’s external debt under the G20 Common Framework”.

    “Indeed, we anticipate that a deal will be reached around quarter 2 2024-quarter 3 2024, which will improve investor sentiment towards Ghanaian assets, drive capital inflows and provide support to the cedi.

    In the past week, the Ghanaian cedi experienced a slight devaluation against the US dollar, attributed to increased domestic demand and the overall global strengthening of the US dollar.

    However, a timely announcement by the International Monetary Fund Mission Team regarding a staff-level agreement with the Ghanaian government is anticipated to significantly boost investor confidence and enhance the country’s balance of payments in the future. This agreement will result in an additional $600 million inflow.

    Forecasts indicate that by the end of 2024, the local currency is expected to depreciate by approximately 11.50% against the US dollar in the retail market, reaching a rate of ¢11.60 to one US dollar. This projected depreciation is notably lower than the approximately 40% devaluation observed in 2023.

  • A dollar goes for GHS11.95 at forex, BoG interbank rates at GHS11.2

    A dollar goes for GHS11.95 at forex, BoG interbank rates at GHS11.2

    Today, on October 6, 2023, as per the Bank of Ghana’s Interbank forex rates, the Ghana Cedi is trading against the US Dollar with a buying price of 11.2193 and a selling price of 11.2305.

    In Accra’s Forex bureau, the Dollar is being purchased at a rate of 11.65 and sold at 11.95.

    Against the Pound Sterling, the Cedi has a buying price of 13.6584 and a selling price of 13.6731.

    At an Accra-based Forex Bureau, the Pound Sterling is being bought at 14.10 and sold at 14.60.

    The Euro’s trading figures indicate a buying price of 11.8172 and a selling price of 11.8280.

    At a Forex Bureau in Accra, the Euro is available for purchase at a rate of 12.00 and sale at 12.50.

    The South African Rand has a buying price of 0.5749 and a selling price of 0.5753.

    At a Forex bureau in Accra, the South African Rand is traded at 0.35 for purchase and 0.95 for sale.

    The Nigerian Naira’s exchange rate shows a buying price of 68.1093 and a selling price of 68.3748.

    At an Accra-based forex bureau, the Nigerian Naira is bought at a rate of 10.00 Naira for every 1 Cedi and sold at 15.00 Naira for every 1 Cedi.

    For the CFA, the rates indicate a buying price of 55.4580 and a selling price of 55.5087.

    At a forex bureau in Accra, the CFA is acquired at a rate of 16.50 CFA for every 1 Cedi and sold at 20.50 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.70 at forex, BoG interbank rates at GHS11.13

    Today, on October 2, 2023, the Interbank forex rates from the Bank of Ghana reveal the trading rates for the Ghana Cedi against major currencies.

    Against the dollar, the Cedi is being bought at 11.1229 and sold at 11.1341. In Accra, at a Forex bureau, the dollar is being bought at 11.50 and sold at 11.70.

    When trading against the Pound Sterling, the Cedi is bought at 13.5856 and sold at 13.6014. In Accra, the Pound Sterling is bought at 14.10 and sold at 14.60.

    For the Euro, the buying price stands at 11.7716 and the selling price is 11.7832. In Accra, the Euro is bought at 12.00 and sold at 12.50.

    The South African Rand is bought at 0.5888 and sold at 0.5893. In Accra, the Rand is bought at 0.35 and sold at 0.95. The Nigerian Naira has a buying price of 69.0165 and a selling price of 69.4568.

    In Accra, it is bought at 10.00 Naira for every 1 Cedi and sold at 15.00. As for the CFA, it is bought at 55.6688 and sold at 55.7237. In Accra, CFA is bought at 16.50 CFA for every 1 Cedi and sold at 20.50 CFA for every 1 Cedi.

    These rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.08

    Today, September 27, 2023, the Bank of Ghana’s Interbank forex rates reveal the following currency exchange figures: the Ghana Cedi is trading against the US Dollar at a buying price of 11.0736 and a selling price of 11.0846.

    At an Accra-based forex bureau, the Dollar is bought at 11.45 and sold at 11.65. Against the Pound Sterling, the Cedi stands at a buying price of 13.4666 and a selling price of 13.4811, while at an Accra-based forex bureau, the Pound Sterling is bought at 14.30 and sold at 14.70.

    The Euro’s rates are 11.7090 (buying) and 11.7217 (selling), with an Accra-based forex bureau offering a purchase rate of 12.00 and a selling rate of 12.50.

    The South African Rand trades at a buying price of 0.5817 and a selling price of 0.5822, while at an Accra-based forex bureau, it’s bought at 0.35 and sold at 0.95.

    The Nigerian Naira has a buying price of 68.6181 and a selling price of 69.2952, with an Accra-based forex bureau offering a rate of 10.00 Naira for 1 Cedi (buying) and 15.00 Naira for 1 Cedi (selling).

    Lastly, the CFA trades at 55.9609 (buying) and 56.0216 (selling), while at an Accra-based forex bureau, it’s bought at a rate of 16.50 CFA for 1 Cedi (buying) and sold at a rate of 20.50 CFA for 1 Cedi (selling).

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.60 at forex, BoG interbank rates at GHS11.08

    A dollar goes for GHS11.60 at forex, BoG interbank rates at GHS11.08

    The Bank of Ghana’s Interbank forex rates for September 25, 2023, reveal that the Ghana Cedi is trading against the dollar at a buying price of 11.0703 and a selling price of 11.0813. At an Accra forex bureau, the dollar is being bought at a rate of 11.40 and sold at a rate of 11.60.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.5234 and a selling price of 13.5381. At an Accra forex bureau, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 14.70.

    The Euro is trading at a buying price of 11.7289 and a selling price of 11.7396. At an Accra forex bureau, the Euro is being bought at a rate of 12.00 and sold at a rate of 12.50.

    The South African Rand has a buying price of 0.5897 and a selling price of 0.5903. At an Accra forex bureau, the South African Rand is bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is trading with a buying price of 68.6181 and a selling price of 69.2952. At a forex bureau in Accra, the Nigerian Naira is bought at a rate of 10.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    For the CFA, it has a buying price of 55.8756 and a selling price of 55.9266. At a forex bureau in Accra, the CFA is bought at a rate of 16.50 CFA for every 1 Cedi and sold at a rate of 20.50 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.08

    A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.08

    The Bank of Ghana’s Interbank forex rates today, September 25, 2023, indicate that the Ghana Cedi is trading against the dollar with a buying price of 11.0690 and a selling price of 11.0800.

    Meanwhile, at a forex bureau in Accra, the dollar is being bought at a rate of 11.40 and sold at a rate of 11.60.

    Against the Pound Sterling, the Cedi has a buying price of 13.5628 and a selling price of 13.5786.

    Similarly, at an Accra-based forex bureau, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 14.70.

    The Euro is trading with a buying price of 11.7937 and a selling price of 11.8064, while at a forex bureau in Accra, the Euro is bought at a rate of 12.00 and sold at a rate of 12.50.

    The South African Rand is listed with a buying price of 0.5899 and a selling price of 0.5906, but in Accra’s forex bureau, it is bought at a rate of 0.35 and sold at a rate of 0.95.

    As for the Nigerian Naira, it has a buying price of 69.5291 and a selling price of 69.6194, whereas, at a forex bureau in Accra, it is bought at a rate of 10.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    Regarding the CFA, it trades with a buying price of 55.1577 and a selling price of 55.2078, while at a forex bureau in Accra, the CFA is bought at a rate of 16.50 CFA for every 1 Cedi and sold at a rate of 20.50 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.08

    A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.08


    The Interbank forex rates from the Bank of Ghana today, September 22, 2023, indicate that the Ghana Cedi is trading against the dollar at a buying price of 11.0690 and a selling price of 11.0800.

    At a forex bureau in Accra, the dollar is being bought at a rate of 11.40 and sold at a rate of 11.65.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.7399 and a selling price of 13.7548, while at a forex bureau in Accra, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 14.80.

    The Euro is trading at a buying price of 11.8816 and a selling price of 11.8924, with the Euro being bought at a rate of 12.00 and sold at a rate of 12.50 at a forex bureau in Accra.

    The South African Rand is trading at a buying price of 0.5915 and a selling price of 0.5921, and at a forex bureau in Accra, it is being bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is trading at a buying price of 69.8126 and a selling price of 69.9029, and at a forex bureau in Accra, the Nigerian Naira is being bought at a rate of 10.00 Naira for every 1 Cedi and sold at a rate of 15.00.

    Finally, for the CFA, it is trading at a buying price of 55.1577 and a selling price of 55.2078, while at a forex bureau in Accra, CFA is being bought at a rate of 16.50 CFA for every 1 Cedi and sold at a rate of 20.50 CFA for every 1 Cedi.

    These forex bureau rates are sourced from Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi to depreciate by 23% against dollar in 2023 – EIU

    Cedi to depreciate by 23% against dollar in 2023 – EIU

    The expected depreciation of the cedi against the dollar in 2023 has been reduced by the Economist Intelligence Unit from 30.0% to approximately 23.0%.

    This will rank the local currency as the third worst in all of Africa this year, according to its 2023 Updated African Outlook Report.

    That report came from a business desk.

    The UK-based company predicts that the cedi will lose less value than the 44.0% it lost against the US dollar in 2023.

    Currently, the local currency has experienced a depreciation of just over 22% against the world’s most prominent currency, as per data from the Bank of Ghana. This suggests that from now until the end of the year, the local currency’s depreciation against the dollar will be minimal.

    The EIU has emphasized that in 2022, most African currencies saw significant depreciation against the US dollar, and while it anticipates continued exchange-rate weakness in 2023, it expects the extent of depreciation to be less severe.

    Sudan and Zimbabwe, projected to have the 1st and 2nd weakest African currencies, will also rank among the world’s weakest in 2023.

    On the other hand, the Zambian kwacha is set to be the top-performing currency in Africa this year, appreciating against the dollar.

    Following closely are the Burkina Faso CFA, Cameroon’s CFA, and the Congolese Franc, occupying the 2nd, 3rd, and 4th positions, respectively.

  • Businesses in East African region frustrated by dollar scarcity

    Businesses in East African region frustrated by dollar scarcity

    Investors are fleeing thebusiness in East African region due to the dollar’s scarcity, volatility, high interest rates, and easy access to credit.

    According to the East African Business Council’s (EABC) Report on the Ease of Doing Business in the East African Community (EAC) 2023, the region’s firms are at risk from unregulated foreign exchange markets at the border, legal tax appeals and judgements, and protracted customs valuation procedures.

    The 252 businesses who responded to the study identified several difficulties with trade finance, including the lack of dollars, excessive interest rates, and restricted access to loans.

    “The dollar is putting pressure on local currencies and so our currencies are losing value making it difficult to do business,” said John Kalisa, chief executive of the East African Business Council.

    “Our dollar reserves are dwindling, meaning that we import more than what we export so we are in a trade deficit. The only way to get out is to improve our productivity.”

    Last week, commercial banks quoted the Ugandan shilling at 3,735/3,745 against the US dollar. Despite the overhaul of the interbank forex market in March, the Kenyan shilling extended its losses against the US dollar in September, exceeding its overall depreciation from the previous year. The local currency has recorded a 21.6 percent decrease against the dollar, dropping from Ksh120.34 on September 12 last year to Ksh146.36 as of this Monday.

    As per the Bank of Tanzania’s data, the indicative exchange rates as of Thursday reveal that the country’s shilling has reached a new historic low, averaging 2,428.7 against the US dollar.

    “The pressure coming from the dollar sends a message to the regional bloc that there is a need to improve production especially in agriculture and productivity,” said Kalisa.

    Even after the harmonization of the Common External Tariff, there is a lack of consistent implementation of the CET across the East African Community (EAC) partner states. The EABC report additionally highlights significant challenges in the region, including high trading costs stemming from difficulties in conducting cross-border payments, the presence of multiple taxes and fees, local government levies/cess at border crossings, and harassment by government regulatory authorities primarily focused on tax collection without recognizing the importance of facilitating free trade across borders.

    The report offers several recommendations, including the need for partner states to enhance the ease of doing business through simplified and coordinated legislation pertaining to business registrations, access to finance, contract enforcement, and tax payment processes.

    Furthermore, companies have cited a lack of adequate information regarding government policies and regulations as a hindrance to conducting business within the EAC.

  • A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.07

    A dollar goes for GHS11.65 at forex, BoG interbank rates at GHS11.07

    Today, on September 19, 2023, the Bank of Ghana has reported interbank forex rates indicating that the Ghana Cedi is trading against the dollar with a buying price of 11.0668 and a selling price of 11.0778.

    Meanwhile, at a forex bureau in Accra, the dollar is being bought at a rate of 11.45 and sold at a rate of 11.65.

    In addition, against the Pound Sterling, the Cedi is trading at a buying price of 13.7184 and a selling price of 13.7332, while at a forex bureau in Accra, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 14.80.

    Furthermore, the Euro is trading at a buying price of 11.8343 and a selling price of 11.8451, while at a forex bureau in Accra, the Euro is being bought at a rate of 12.00 and sold at a rate of 12.50.

    Additionally, the South African Rand is trading at a buying price of 0.5818 and a selling price of 0.5824. At a forex bureau in Accra, the South African Rand is being bought at a rate of 0.35 and sold at a rate of 0.95.

    Moreover, the Nigerian Naira is trading at a buying price of 68.6398 and a selling price of 69.3623. At a forex bureau in Accra, the Nigerian Naira is being bought at a rate of 11.00 Naira for every 1 Cedi and sold at a rate of 16.00.

    Lastly, for the CFA, it is trading at a buying price of 55.3779 and a selling price of 55.4285. At a forex bureau in Accra, the CFA is being bought at a rate of 16.50 CFA for every 1 Cedi and sold at a rate of 20.50 CFA for every 1 Cedi.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • 40% exchange rate loss by Ghana in a year highest in Africa – World Bank

    40% exchange rate loss by Ghana in a year highest in Africa – World Bank

    Data from the World Bank has shown that Ghana experienced the highest exchange rate loss in Africa between January 1, 2022, and January 1, 2023, with a depreciation of nearly 40%.

    The World Bank notes that exchange rates across the region largely depreciated during this period, leading to increased costs for imported goods, including food and energy.

    The Bretton Wood institution said countries such as Ghana that practice “crawl-like arrangements” recorded very sharp exchange rate depreciation. This was due to the expensive fiscal measures that are often used to limit the pass-through of exchange rates to inflation, with the resulting deteriorating fiscal position potentially further stressing exchange controls and exacerbating inflationary pressures. 

    “One key concern for managed and crawl-like arrangements is the possibility that parallel markets can influence exchange rate movements. Capital controls that often accompany such arrangements can lead to scarcity of forex reserves, forcing the government to prioritize specific transactions and charge a premium for official foreign exchange transactions”.

    Sudan ranked second, experiencing a currency depreciation of approximately 23% during the same period. Following closely were Malawi (-20%), The Gambia (-16%), and Madagascar (-10%), securing the third, fourth, and fifth positions, respectively.

    Fitch Solutions has provided a forecast, indicating that the Ghana cedi is expected to close at ¢11.40 against the US dollar by the end of 2023. This projection is lower than the earlier ¢12.40 estimate made earlier in the year when Ghana had yet to finalize an agreement with the International Monetary Fund for a bailout package.

    The UK-based firm is also anticipating a further improvement in the exchange rate, with ¢10.90 to one US dollar in 2024. This is expected to be driven by anticipated inflows resulting from the International Monetary Fund program and an increase in investor confidence.

  • Forex selling cedi at GHS11.65 to a $1, BoG interbank rates at GHS11.02

    Forex selling cedi at GHS11.65 to a $1, BoG interbank rates at GHS11.02

    Today, September 6, 2023, the Bank of Ghana’s Interbank forex rates reveal that the Ghana Cedi is trading against the dollar at a buying price of 11.0175 and a selling price of 11.0285.

    In Accra’s forex bureau, the dollar is purchased at a rate of 11.40 and sold at a rate of 11.65.

    Against the Pound Sterling, the Cedi trades at a buying price of 13.8402 and a selling price of 13.8551, while in Accra’s forex bureau, the pound sterling is acquired at a rate of 14.50 and disposed of at a rate of 15.00.

    The Euro is valued at a buying price of 11.8030 and a selling price of 11.8147, with the Euro exchange rate at 12.20 for buying and 12.70 for selling in Accra’s forex bureau.

    The South African Rand’s exchange rate stands at a buying price of 0.5734 and a selling price of 0.5738, while in Accra’s forex bureau, it is purchased at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira’s rates are set at a buying price of 68.6973 and a selling price of 69.6725, with the exchange rate of 11.00 Naira for every 1 Cedi for buying and 16.00 for selling in Accra’s forex bureau.

    Finally, the CFA is trading at a buying price of 55.1679 and a selling price of 55.2222, with exchange rates of 16.50 CFA for every 1 Cedi for buying and 20.50 CFA for every 1 Cedi for selling in Accra’s forex bureau.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar goes for GHS11.50 at forex, BoG interbank rates at GHS11.00

    A dollar goes for GHS11.50 at forex, BoG interbank rates at GHS11.00

    The Bank of Ghana’s Interbank forex rates for August 21, 2023, reveal that the trading values of the Ghana Cedi are as follows:

    Against the US Dollar, the Cedi has a buying price of 10.9996 and a selling price of 11.0106. At a Forex bureau in Accra, you can buy the US Dollar at a rate of 11.20 Cedi and sell it at a rate of 11.50 Cedi.

    In terms of the Pound Sterling, the Ghana Cedi’s buying price stands at 14.0113, while its selling price is 14.0264. Alternatively, at a Forex bureau in Accra, you can purchase the Pound Sterling at a rate of 14.30 Cedi and sell it at a rate of 14.90 Cedi.

    Compared to the Euro, the Ghana Cedi is valued at 11.9601 for buying and 11.9710 for selling. Similarly, at a Forex bureau in Accra, you can buy the Euro at a rate of 12.20 Cedi and sell it at a rate of 12.70 Cedi.

    Concerning the South African Rand, the Ghana Cedi has a buying price of 0.5807 and a selling price of 0.5808. Moreover, at a Forex bureau in Accra, the South African Rand can be purchased at a rate of 0.35 Cedi and sold at a rate of 0.95 Cedi.

    The Nigerian Naira can be acquired with a buying price of 69.5132 Cedi and sold at a rate of 69.9676 Cedi. Alternatively, at a Forex bureau in Accra, you can buy 11.00 Nigerian Naira for every 1 Cedi and sell it at a rate of 16.00 Nigerian Naira.

    Lastly, the CFA Franc can be obtained with a buying price of 54.7955 Cedi and sold at a rate of 54.8454 Cedi. At a Forex bureau in Accra, you have the option to buy 16.50 CFA Franc for every 1 Cedi and sell 20.50 CFA Franc for every 1 Cedi

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Labor union demands responsible economic management

    Labor union demands responsible economic management

    The Ghana Federation of Labour (GFL) has emphasized the importance of prudent economic management to navigate the nation through its current challenges, whether they stem from domestic issues or external factors. This approach is seen as crucial for improving living standards.

    Mr. Abraham Koomson, the Secretary General of the GFL, highlighted the need to reinforce the foundational elements of the country by implementing wise economic strategies supported by fiscal responsibility.

    He advocated for an impartial inquiry into the circumstances surrounding the substantial loss of 60 billion cedis by the Bank of Ghana. This loss, according to him, cannot be dismissed as an ordinary occurrence.

    Mr. Koomson expressed his concerns during an interview with the Ghana News Agency in Tema, stating that labor unions were urging an unbiased investigation and a complete overhaul of the management team and senior officers at the Bank.

    He called upon these officials to address the issues pragmatically, as it was deemed unacceptable for the national banking regulatory body to incur such a significant loss, especially at a time when the Government was seeking three billion dollars from the International Monetary Fund to tackle economic difficulties.

    Furthermore, Mr. Koomson reiterated the labor unions’ plea to unite for a proactive labor movement. This unified front would be instrumental in effectively advocating for and safeguarding the interests of the nation’s workforce.

    “The labour front must unite and confront anyone, including the Government and the management of establishments, whose actions or inactions are not in the interest of the worker,” he said.

    Mr Koomson called for unity on the labour front as disunity had paved the way for successive governments to exploit the divisions for their political interests.

  • Cedi sells at GHS11.50 to a dollar at forex, BoG interbank rates GHS11.00

    Cedi sells at GHS11.50 to a dollar at forex, BoG interbank rates GHS11.00

    On August 9, 2023, the Bank of Ghana’s Interbank forex rates indicate that the Ghana Cedi is trading against the US Dollar at a buying price of 10.9967 and a selling price of 11.0077.

    In Accra, at a Forex bureau, the US Dollar is being bought at a rate of 11.00 and sold at a rate of 11.50.

    Against the Pound Sterling, the Ghana Cedi is trading at a buying price of 13.9922 and a selling price of 14.0073.

    At a forex bureau in Accra, the Pound Sterling is being bought at a rate of 14.20 and sold at a rate of 14.90.

    The Euro is trading at a buying price of 12.0415 and a selling price of 12.0534.

    At a forex bureau in Accra, the Euro is being bought at a rate of 12.00 and sold at a rate of 12.70.

    The South African Rand is trading at a buying price of 0.5803 and a selling price of 0.5803.

    At a forex bureau in Accra, the South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 69.2989 and a selling price of 70.5059.

    At a forex bureau in Accra, the Nigerian Naira is being bought at a rate of 11.00 Naira for every 1 Cedi and sold at a rate of 16.00 Naira for every 1 Cedi.

    For the CFA Franc, it is trading at a buying price of 54.4209 and a selling price of 54.4747.

    At a forex bureau in Accra, the CFA Franc is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

  • A USD going for GH¢11.50 at forex, BoG interbank rates at GHS11.00

    A USD going for GH¢11.50 at forex, BoG interbank rates at GHS11.00


    The Bank of Ghana’s Interbank forex rates for August 7, 2023, indicate that the Ghana Cedi is currently valued against the dollar with a buying price of 10.9962 and a selling price of 11.0072.

    In Accra’s Forex bureau, the dollar is being purchased at 11.00 and sold at 11.50.

    Regarding the Pound Sterling, the Cedi’s value stands at a buying price of 13.9828 and a selling price of 13.9979.

    At the local forex bureau in Accra, the pound sterling is bought at 14.00 and sold at 15.30.

    The Euro holds a buying price of 12.0406 and a selling price of 12.0515.

    At the Accra-based forex bureau, the Euro’s exchange rate is 12.30 for buying and 12.90 for selling.

    As for the South African Rand, it is currently bought at 0.5880 and sold at 0.5886.

    The local forex bureau in Accra offers a buying rate of 0.30 and a selling rate of 0.90 for the South African Rand.

    The Nigerian Naira is being acquired at a buying price of 68.9503 and a selling price of 70.1982.

    In the Accra forex bureau, the Nigerian Naira can be bought at a rate of 11.00 Naira for 1 Cedi and sold at a rate of 17.00 Naira for 1 Cedi.

    The CFA Franc’s value is set at a buying price of 54.4295 and a selling price of 54.4788.

    At the Accra forex bureau, the CFA Franc can be purchased at a rate of 17.00 CFA for 1 Cedi and sold at a rate of 21.00 CFA for 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.