Ghana’s local currency has recently experienced a slight depreciation against major trading currencies, particularly the US dollar.
This comes after the cedi crossed the government’s GH¢12 target on the interbank exchange market.
As of Thursday, October 9, 2025, the Bank of Ghana’s published rates show the cedi trading at GH¢12.40 to the dollar.
Although inflation has been trending downward, the cedi continues to face pressure on both the interbank and forex markets.
This depreciation is expected to drive up fuel prices at the pump in the upcoming pricing windows, raise the overall cost of living, and potentially hinder the government’s efforts to further drive down inflation by year-end.
Bank of Ghana to sell US$1.15 billion in forex under Domestic Gold Programme
Here’s how the cedi is faring on the BoG interbank market as of 8:20 AM:
• Dollar – Buying at GH¢12.39, Selling at GH¢12.40
• Pound – Buying at GH¢16.59, Selling at GH¢16.60
• Euro – Buying at GH¢14.38, Selling at GH¢14.39
‘Debt is the new form of colonisation’ – Professor Bokpin
Here’s how the cedi is trading at the forex bureaus
• Dollar – Buying at GH¢13.00, Selling at GH¢13.40
• Pound – Buying at GH¢17.00, Selling at GH¢18.00
• Euro – Buying at GH¢14.80, Selling at GH¢15.80
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