According to the Bank of Ghana, the buying and selling rates for the US Dollar, British Pound Sterling, and Euro have been updated.
The buying rate for the US Dollar is ¢10.4948, while the selling rate is ¢10.5053. This means banks will buy one US Dollar at ¢10.4948 and sell it at ¢10.5053.
For the British Pound Sterling, the buying rate is ¢14.2277, and the selling rate is ¢14.2430. This means banks will buy one British Pound at ¢14.2277 and sell it at ¢14.2430.
The Euro is being bought at ¢12.3067 and sold at ¢12.3178. In simple terms, one Euro will be exchanged for ¢12.3067 when sold to a bank, and customers will buy it at ¢12.3178.
These rates represent the average interbank exchange rates. They guide banks and financial institutions in their daily foreign exchange transactions. The buying rate refers to the rate at which banks purchase foreign currency, while the selling rate is the rate at which they sell it to customers.
The Bank of Ghana regularly updates these rates to reflect changes in the global market. These exchange rates help to keep the financial market stable and transparent.
For more updates, you can visit the Bank of Ghana’s website at www.bog.gov.gh or follow them on social media at @thebankofghana.
This update helps businesses, travelers, and investors to make informed decisions when dealing with foreign currencies.