The cedi has increased from GH¢15.90 to GH¢16.10 against the US dollar. The Central Bank reports buying and selling rates for the cedi against major currencies, showing various prices. Interventions by the Bank of Ghana aim to stabilize the cedi amid depreciation concerns.
The cedi, Ghana’s local currency, has seen slight gains against the US dollar at some forex bureaus, rising from GH¢15.90 to GH¢16.10. According to the Central Bank’s daily update, the cedi’s buying price is GH¢15.53 and selling price is GH¢15.54 per dollar.
In addition to the dollar, the cedi trades for GH¢20.14 (buying) and GH¢20.16 (selling) against the British pound. The euro is priced at GH¢16.93 for buying and GH¢16.95 for selling.
Recent checks by GhanaWeb on March 13, 2025, revealed that major forex bureaus reported the cedi at GH¢16.10 to the dollar and the pound at GH¢20.90. The euro’s retail trading value stood at GH¢17.60.
To address the cedi’s depreciation, the Bank of Ghana intervened by selling over $200 million during the last quarter of 2024, showcasing its effort to stabilize the currency.
In summary, the Ghanaian cedi has appreciated marginally against the US dollar in recent trading, reflecting the impact of central bank interventions. The current exchange rates for the pound and euro further illustrate the cedi’s position against major currencies. Continuous monitoring of these rates and bank actions will be essential for future currency stability.
Original Source: www.ghanaweb.com
