The Ghanaian cedi has appreciated slightly, trading at GH¢16.10 to the US dollar. The Central Bank reports buying and selling prices for the dollar at GH¢15.53 and GH¢15.54 respectively. Other currencies like the British pound and euro have also shown corresponding rates. The Bank of Ghana sold over $200 million to help stabilize the currency.
Ghana’s currency, the cedi, has recently demonstrated slight appreciation against notable currencies, specifically the US dollar, at various forex bureaus. As of March 13, 2025, the cedi is trading at GH¢16.10 per dollar across several forex platforms, reflecting a notable increase from GH¢15.90.
The Central Bank of Ghana reported its latest update, indicating a adjusted buying price of GH¢15.53 and a selling price of GH¢15.54 for the US dollar. Other exchange rates show the British pound being bought at GH¢20.14 and sold at GH¢20.16, while the euro has buying and selling prices of GH¢16.93 and GH¢16.95, respectively.
Additionally, data from GhanaWeb Business reveals that, in some major forex bureaus, the cedi’s value has increased to GH¢16.10 against the dollar. The pound is cited at GH¢20.90, and the euro at GH¢17.60 on the retail market. To combat the cedi’s depreciation, the Bank of Ghana responded by selling over $200 million in foreign reserves in the last quarter of 2024.
In summary, the cedi has shown resilience by gaining value against the US dollar, now trading at GH¢16.10 in select forex bureaus. This development comes amid strategic interventions by the Bank of Ghana to mitigate currency depreciation, demonstrating ongoing efforts to stabilize the local economy. Current market rates for the British pound and euro reflect similar adjustments, illustrating broader currency dynamics in Ghana’s financial landscape.
Original Source: www.ghanaweb.com
