{"id":251411,"date":"2024-11-15T13:05:28","date_gmt":"2024-11-15T13:05:28","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/15\/cedi-sells-1-at-gh%c2%a216-08-at-bog-gh%c2%a216-90-at-forex-bureaus\/"},"modified":"2024-11-15T13:05:28","modified_gmt":"2024-11-15T13:05:28","slug":"cedi-sells-1-at-gh%c2%a216-08-at-bog-gh%c2%a216-90-at-forex-bureaus","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/15\/cedi-sells-1-at-gh%c2%a216-08-at-bog-gh%c2%a216-90-at-forex-bureaus\/","title":{"rendered":"Cedi sells $1 at GH\u00a216.08 at BoG, GH\u00a216.90 at forex bureaus"},"content":{"rendered":"

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Ghana\u2019s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. <\/p>\n

The cedi, which has been under pressure throughout the year, recorded relative stability in July this year, while inflationary pressures continued declining. <\/p>\n

The Bank of Ghana trades $1 at a buying price of GH\u00a216.07 and a selling price of GH\u00a216.08.<\/p>\n

The British Pound is trading at a buying price of GH\u00a220.42 and a selling price of GH\u00a220.43.<\/p>\n

The Euro is trading at a buying price of GH\u00a216.97 and a selling price of GH\u00a216.99.<\/p>\n

However, checks by GhanaWeb Business as of November 15, 2024, at 10:00 AM show that the cedi is trading at GH\u00a216.90 to the dollar, while the pound is trading at GH\u00a221.13 at some major forex bureaus across the country. <\/p>\n

Additionally, the Euro is trading at GH\u00a217.58 on the retail market. <\/p>\n

The decline of the cedi against major trading currencies will further worsen the woes of the Ghanaian economy amidst the pricing behaviour 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

Watch the latest edition of BizTech below:<\/b><\/p>\n