Cedi loses gains made on the interbank market
After making steady gains on the interbank foreign exchange market, the Ghana cedi seems to be making some losses due to a reported shortage of dollars on the market.
According to a report by cedirates.com on June 14, 2025, “Dollar rates are on the rise as financial institutions experienced a shortage of physical dollars this week. Meaning if you tried to withdraw dollars, you’d not get it. We expect more physical dollars next week.”
The Bank of Ghana is thereby trading at a buying price of GH¢10.34 and a selling price of GH¢10.36 to the dollar.
The British pound is being bought at GH¢14.07 and sold at GH¢14.08, while the euro is trading at a buying price of GH¢11.96 and a selling price of GH¢11.97.
At some forex bureaus, the cedi is trading at GH¢11.95, while the pound is selling at GH¢16.70 at some forex bureaus across the country.
Additionally, the euro is trading at GH¢14.60 on the retail market.
Meanwhile, the Bank of Ghana has announced that Ghana is expected to receive $360 million from the IMF in June 2025 to further stabilise the cedi.
SSD/AE