Ghana’s local currency, the cedi, has shown resilience, firming up to a buying price of GH¢10.49 and a selling price of GH¢10.50 against the US dollar on the interbank market as of Friday morning.
This update, provided by the Bank of Ghana, reflects a slight improvement in the currency’s value amid ongoing economic monitoring.
The cedi’s performance comes in the wake of recent fluctuations, with the currency trading at GH¢10.55 to the dollar on August 7 and maintaining stability around GH¢10.50–10.51 in the preceding days.
The British pound is currently bought at GH¢14.09 and sold at GH¢14.10, while the euro trades at a buying price of GH¢12.21 and a selling price of GH¢12.22 on the interbank market.
However, retail forex bureau rates, as observed by GhanaWeb Business at 7:30 AM, show the cedi at GH¢11.90, the pound at GH¢15.80, and the euro at GH¢13.80, indicating a wider gap between interbank and retail rates.
This strengthening follows a reported 42% appreciation of the cedi against the US dollar in the first half of 2025, as noted by Bank of Ghana Governor Dr. Johnson Asiama. The currency’s stability is seen as a positive signal, though economic analysts continue to monitor global market trends and domestic fiscal policies for sustained improvement.
The news arrives as the nation mourns the recent helicopter crash that claimed eight lives, including Defence Minister Dr. Edward Omane Boamah and Environment Minister Dr. Ibrahim Murtala Mohammed, shifting public focus to national unity and economic resilience. Further updates on the cedi’s performance are expected as the Bank of Ghana releases daily market data
