Cedi’s Stability: Bank of Ghana Sells Dollar at GH¢10.43 Amidst Forex Bureau Discrepancies
The Ghanaian cedi demonstrated relative stability against major currencies on the interbank market as of July 21, 2025, according to the Bank of Ghana’s (BoG) latest update. This news comes amidst ongoing fluctuations in the foreign exchange market, a key factor influencing Ghana’s economic landscape. The BoG’s consistent efforts to manage the cedi’s value continue to be closely monitored by both local and international investors.
Interbank vs. Retail Market Dynamics
The BoG’s daily report indicated that the US dollar was being sold at GH¢10.43 on the interbank market as of July 21, 2025, with a buying price of GH¢10.42. The British pound was trading at GH¢14.00 for buying and GH¢14.02 for selling, while the euro was priced at GH¢12.14 (buying) and GH¢12.15 (selling). However, a parallel check at 8:00 AM on the same day by GhanaWeb Business on cedirates.com revealed a different picture in the retail market. Forex bureaus were selling the cedi at GH¢11.95 against the dollar and GH¢16.35 against the pound. The euro was trading at GH¢14.25 in the retail market. These figures highlight the persistent disparity between the official interbank rates and those offered by retail forex bureaus, a common characteristic of currency markets worldwide.
Cedi Appreciates in First Half of 2025
Despite these retail market variations, the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, previously noted that the cedi had appreciated by 42% during the first six months of 2025. This is positive news, signifying a strengthened domestic currency. The efforts by the Central Bank have resulted in some stability in the market, although the disparity between the official interbank market and the retail forex bureaus remain a point of contention.
Keywords
Related Keywords: Bank of Ghana exchange rate, Ghana cedi to dollar, USD to GHS, dollar at GH1043, Bank of Ghana currency exchange, BoG dollar rate, Ghana forex, dollar price in Ghana, dollar to cedi, Ghana currency
