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Saturday, November 1, 2025

Cedi closes October trading at GH¢10.90 to the dollar

The cedi has recorded slight depreciation on the interbank market as trading closed on October 31, 2025.

The cedi is now selling at GH¢10.90 to the US dollar, down from GH¢10.85 on Thursday.

This marks a marginal shift that reflects ongoing volatility in the foreign exchange market.

While some business analysts had earlier pointed to short-term interventions and improved market sentiment as factors behind the cedi’s recent rebound, they now caution that the currency remains vulnerable to external shocks and fiscal pressures, especially as the year draws to a close.

With the 2026 national budget presentation on the horizon, attention is turning to how government’s fiscal policy will influence the cedi’s performance against major trading currencies, particularly the US dollar.

Here’s how the cedi is faring on the BoG interbank market:

• Dollar – Buying at GH¢10.89, Selling at GH¢10.90

• Pound – Buying at GH¢14.33, Selling at GH¢14.34

• Euro – Buying at GH¢12.60, Selling at GH¢12.61

Here’s how the cedi is trading at the forex bureaus

• Dollar – Buying at GH¢11.70, Selling at GH¢12.20

• Pound – Buying at GH¢15.40, Selling at GH¢16.45

• Euro – Buying at GH¢13.40, Selling at GH¢14.25

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