Ghana’s local currency has recorded a modest appreciation against major trading currencies, notably the US dollar.
This follows a period of depreciation after the cedi breached the government’s GH¢12 target on the interbank exchange market.
As of Thursday, October 16, 2025, the Bank of Ghana’s published rates show the cedi trading at GH¢11.25 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.
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Here’s how the cedi is faring on the BoG interbank market as of 8:00 AM:
• Dollar – Buying at GH¢11.24, Selling at GH¢11.25
• Pound – Buying at GH¢15.05, Selling at GH¢15.07
• Euro – Buying at GH¢13.08, Selling at GH¢13.09
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Here’s how the cedi is trading at the forex bureaus
• Dollar – Buying at GH¢11.70, Selling at GH¢12.50
• Pound – Buying at GH¢15.10, Selling at GH¢16.90
• Euro – Buying at GH¢13.10, Selling at GH¢14.90
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