Ghanaian Cedi Experiences Pressure, Reaches GH¢10.80 Against the Dollar
The Ghanaian cedi is currently facing considerable pressure in both interbank and forex markets, continuing a trend of depreciation. This downturn follows a period where the cedi exceeded the government’s targeted rate of GH¢12 on the interbank exchange market.
Cedi’s Performance on the Forex Market
As of Friday, October 24, 2025, the Bank of Ghana’s (BoG) official rates indicate the cedi is trading at GH¢10.80 per US dollar. Specifically, the interbank rates published by the BoG are as follows: Dollar – Buying at GH¢10.79, Selling at GH¢10.80; Pound – Buying at GH¢14.37, Selling at GH¢14.38; and Euro – Buying at GH¢12.53, Selling at GH¢12.54. However, the forex bureau rates reflect a weaker cedi, with the dollar being bought at GH¢12.10 and sold at GH¢12.60. Similarly, the pound is being bought at GH¢15.80 and sold at GH¢16.80, while the euro is bought at GH¢13.80 and sold at GH¢14.70. These discrepancies highlight the ongoing volatility and challenges facing the Ghanaian currency.
The cedi’s depreciation has implications for various sectors of the Ghanaian economy, potentially impacting import costs and overall inflation. The situation warrants close monitoring by financial authorities and businesses alike.
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