Cedi sells at GH¢15.85 to US$1 at forex bureaus

Ghana's local currency, the cedi, experienced marginal gains against major trading currencies, particularly the dollar, at some forex bureaus from October 2024.

However, the Central Bank, in its daily update noted that as of 9:00 AM on January 15, 2025, the cedi was trading at a buying price of GH¢14.84 and a selling price of GH¢14.85.

The British pound is being bought at GH¢18.17 and sold at GH¢18.19, while the euro is trading at a buying price of GH¢15.28 and a selling price of GH¢15.30.

Checks by GhanaWeb Business at 9:00 AM on January 16, 2025, revealed that the cedi was trading at GH¢15.85 to the dollar, while the pound was trading at GH¢19.70 at some major forex bureaus across the country.

Additionally, the euro is trading at GH¢16.60 on the retail market.

In an effort to curb the depreciation of the cedi, the Bank of Ghana sold over $200 million during the last quarter of 2024.

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