Ghana Cedi weakens against Dollar, Pound and Euro in latest BoG exchange rates

The US dollar’s buying rate increased to GH¢11.6442 from GH¢11.5992 in the previous Friday publication, while the selling rate rose to GH¢11.6558 from GH¢11.6108.

The British pound and euro also recorded increases in their buying and selling rates, indicating that more cedis were required to purchase each of the three foreign currencies.

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According to the Bank of Ghana, the latest figures reflect average interbank rates at the close of business on Friday, October 23. The previous publication, issued on Friday, October 23, reflected rates at the close of business on Thursday, October 22.

The US dollar’s buying rate increased by GH¢0.0450, from GH¢11.5992 to GH¢11.6442. Its selling rate also rose by GH¢0.0450, moving from GH¢11.6108 to GH¢11.6558.

The increase means the dollar strengthened against the cedi over the comparison period.

The British pound also recorded an increase against the Ghana cedi. Its buying rate rose from GH¢15.5197 to GH¢15.5636, while the selling rate increased from GH¢15.5364 to GH¢15.5803.

The euro’s buying rate increased from GH¢13.0046 to GH¢13.0348, while its selling rate rose from GH¢13.0164 to GH¢13.0467.

The buying rate increased by GH¢0.0302, while the selling rate rose by GH¢0.0303.

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The latest Bank of Ghana rates show increases across all three currencies compared with the previous Friday’s publication. Actual rates offered by commercial banks and forex bureaus may differ from the official interbank reference rates.