Ghana Cedi Commences September Trading at GH¢11.40 Per Dollar on Interbank Market Amidst Broader Depreciation
Ghana’s local currency, the Cedi, began the month of September 2025 showing a slight depreciation against major international currencies, particularly the US dollar, on the interbank foreign exchange market. According to the Bank of Ghana’s daily update, the Cedi opened the month trading at a selling price of GH¢11.40 to the US dollar, with a corresponding buying price of GH¢11.39. This performance indicates a continued pressure on the Ghanaian currency as the nation navigates its economic landscape, marking a crucial start to the new month for businesses and individuals.
Cedi’s Varied Performance Across FX Markets and Regulatory Directives
Beyond its initial interbank standing against the dollar, the Ghana Cedi also recorded depreciated values against other key trading currencies. The British Pound was observed trading at GH¢15.39 for buying and GH¢15.40 for selling, while the Euro’s interbank rates stood at GH¢13.32 for buying and GH¢13.34 for selling. However, a deeper dive into the retail market, based on GhanaWeb Business checks conducted on September 1, 2025, at 8:00 AM, revealed a wider disparity. At various forex bureaus nationwide, the Cedi was trading at GH¢12.60 to the US dollar, GH¢16.80 to the British Pound, and GH¢14.75 to the Euro. These retail figures underscore the heightened cost of foreign exchange for consumers and businesses operating outside the interbank system, highlighting the premium paid for foreign currency on the street.
In a related development aimed at fostering economic stability and access, the Bank of Ghana is actively implementing regulations for digital credit services. This strategic move is intended to enhance financial inclusion across the country, providing a structured framework for the rapidly growing digital lending sector. Bank of Ghana Governor, Dr Johnson Asiama, has reportedly acknowledged the prevailing depreciation of the Cedi, hinting at the central bank’s awareness and potential ongoing efforts to manage the currency’s stability. These regulatory steps are critical for modernizing Ghana’s financial ecosystem and ensuring responsible growth within the African tech and fintech space, while providing more avenues for credit access.
As September 2025 unfolds, the Ghana Cedi faces notable depreciation pressures, commencing the month at GH¢11.40 to the US dollar on the interbank market and exhibiting even weaker positions in retail forex transactions. The central bank’s dual focus on currency management and the regulation of digital credit services highlights a comprehensive approach to bolstering economic resilience and expanding financial access. Stakeholders will keenly observe how these measures influence the Cedi’s trajectory and contribute to the broader financial health of Ghana amidst global economic uncertainties.
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