The Ghanaian cedi has appreciated slightly, now valued at GH¢16.10 against the US dollar. The Central Bank reports buying and selling prices for the cedi at GH¢15.53 and GH¢15.54, respectively. The pound and euro also demonstrate specific exchange rates. The Bank of Ghana has intervened to prevent further depreciation by selling over $200 million in 2024.
The Ghanaian cedi has recently exhibited slight appreciation against the US dollar, rising from GH¢15.90 to GH¢16.10, as reported at various forex bureaus. The Central Bank’s latest figures indicate that the cedi’s buying price stands at GH¢15.53 and the selling price at GH¢15.54 per dollar.
In addition to the dollar, the British pound is experiencing a buying price of GH¢20.14 and a selling price of GH¢20.16. Meanwhile, the euro is trading at GH¢16.93 for buying and GH¢16.95 for selling.
Recent checks by GhanaWeb Business on March 13, 2025, show the cedi trading at GH¢16.10 against the dollar and the British pound at GH¢20.90 across several major forex bureaus. The euro is also noted to be trading at GH¢17.60 in the retail market.
To combat the ongoing depreciation of the cedi, the Bank of Ghana successfully sold over $200 million in the last quarter of 2024 to stabilize the currency.
In summary, the Ghanaian cedi has shown minor gains against the dollar and other major currencies. As of March 13, 2025, the cedi is trading at GH¢16.10 to the dollar, with the pound and euro also reflecting specific exchange rates. The Bank of Ghana’s actions in the previous quarter indicate efforts to stabilize the currency and curb its depreciation.
Original Source: www.ghanaweb.com
