Ghana’s local currency, the cedi, continues to gain momentum against major trading currencies, especially the dollar as the year ends.<\/p>\n
The cedi ended November selling at GH\u00a216.40 at some forex bureaus after recording up to GH\u00a217.00 in the months prior.<\/p>\n
The Bank of Ghana has attributed the gains to the growth in Ghana’s external sector.<\/p>\n
In its daily update, the Central Bank noted that as of December 12, 2024, the cedi is trading at a buying price of GH\u00a214.64 and a selling price of GH\u00a214.68.<\/p>\n
The British Pound is being bought at GH\u00a218.70 and sold at GH\u00a218.72.<\/p>\n
The Euro trades at a buying price of GH\u00a215.39 and a selling price of GH\u00a215.41.<\/p>\n
Checks by GhanaWeb Business as of December 12, 2024, at 10:00 AM show that the cedi is trading at GH\u00a216.35 to the dollar, while the pound is trading at GH\u00a220.70 at some major forex bureaus across the country.<\/p>\n
Additionally, the Euro is trading at GH\u00a217.65 on the retail market.<\/p>\n
Despite the current gains, the decline of the cedi against major trading currencies will further worsen the woes of the Ghanaian economy.<\/p>\n
The Bank of Ghana in its efforts to curb the depreciation of the cedi sold some dollars, worth over 200 million.<\/p>\n
Check the exchange rates for forex bureaus and the BoG below<\/b><\/p>\n
![](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/698\/69878412.jpg\")
<\/p>\n
Watch as Ghanaians share their emotions on John Mahama’s presidential win<\/b><\/p>\n