A year ago, on October 3, 2023, the interbank forex rates from the Bank of Ghana showed that the Ghana Cedi was trading against the dollar at a buying price of 11.1436 and a selling price of 11.1548.<\/p>\n At a forex bureau in Accra, the dollar was being bought at a rate of 11.50 and sold at 11.70. Against the Pound Sterling, the Cedi was trading at a buying price of 13.5094 and a selling price of 13.5240.<\/p>\n Similarly, on the retail market during the period, the pound sterling was being bought at a rate of 14.10 and sold at a rate of 14.60, while the Euro was trading at a buying price of 11.6955 and a selling price of 11.7061.<\/p>\n However, checks by GhanaWeb Business as of October 3, 2024, at 10:00 AM show that the cedi is trading at GH\u00a216.40 to the dollar, while the pound is trading at GH\u00a221.47 at some major forex bureaus across the country. Additionally, the Euro is trading at GH\u00a217.96 on the retail market this year.<\/p>\n Bloomberg recently reported that the cedi has now weakened by 0.1% to trade at GH\u00a215.67 per dollar, a situation that will further worsen the woes of the Ghanaian economy amidst the pricing behavior of businesses.<\/p>\n The cedi has traded almost 1% lower against the dollar in the past month, after declining in value by almost 24% this year, according to Bloomberg.<\/p>\n The portal also mentioned that Ghana\u2019s dollar bonds maturing in 2032 rose by 0.2 cents to 52.36 cents on the dollar at 11:38 a.m. on September 11, 2024, in London.<\/p>\n SSD\/MA<\/p>\n Watch the latest edition of BizTech below:<\/b><\/p>\n![\"File](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/364\/36465592.295.jpg\" "\\"File")
File photo of GH\u00a2200 Cedi notes<\/span><\/span><\/p>\n<\/div>\n