Cedi Records Massive Comeback Against Dollar, Pound and Euro as New Figures Reveal 28% Gain in Two Y

US-based Ghanaian journalist Loud Silence TV, host of the political show With All Due Respect, shared a comparison of Bank of Ghana exchange rates on his official Facebook page on Wednesday, November 11, 2026. It covers November 11, 2024 and November 11, 2026.

The figures show a clear change. On November 11, 2024, the US dollar was bought at ₵16.3419 and sold at ₵16.3583. On November 11, 2026, it was bought at ₵11.6942 and sold at ₵11.7059. That is a drop of about 28 percent in the selling rate.

The British pound moved from ₵21.0778 (buying) and ₵21.1022 (selling) in 2024 to ₵15.5825 and ₵15.5992 in 2026. This is a fall of about 26 percent.

The euro followed the same path. It was ₵17.4934 (buying) and ₵17.5107 (selling) in 2024. It is now ₵13.0408 and ₵13.0537, a fall of about 25 percent.

In simple terms, the cedi now buys more foreign currency than it did two years ago. A business that needs US$10,000 would have paid about ₵163,583 in 2024. At the 2026 selling rate, the same amount costs about ₵117,059.

The post stresses that business owners understand why this matters. Importers, manufacturers, and traders who buy goods in foreign currency may see lower costs. Lower costs can help them plan better and keep prices stable.

The Bank of Ghana notes that these are average interbank rates used by commercial banks at the close of business on the previous working day. Rates at banks and forex bureaus may differ slightly.

Business owners are advised to track exchange rates closely, as they can change from day to day. Even so, the comparison shows a notable improvement in the cedi’s position over the past two years.

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