The Ghanaian cedi is currently trading at GH₵10.35 to USD 1 on the interbank foreign exchange market. According to the Bank of Ghana’s daily update, the central bank has set the buying rate at GH₵10.34 and the selling rate at GH₵10.35 against the US dollar. This exchange rate places the cedi's weighted median interbank price at GH₵10.35, reflecting the average rate banks use when trading currencies in large volumes. Such rates are particularly relevant for financial institutions, multinational businesses, importers, and exporters who deal in bulk currency transactions.
The Bank of Ghana computes these interbank rates daily, based on reported spot transactions worth US $10,000 or more that are concluded before 3:30 pm . This standardized mechanism ensures transparency and market reflectivity, offering an accurate snapshot of prevailing forex conditions.
From a broader perspective, the cedi has undergone significant fluctuations in recent years. For instance, it weakened to over GH₵15 per dollar in late 2022 before making a strong recovery to around GH₵10 by June 2025 .Analysts attribute this rebound to improved macroeconomic fundamentals, renewed investor confidence, favorable commodity prices (especially gold), and strategic interventions by the Bank of Ghana.
In summary, the current interbank trading rates—GH₵10.34/10.35—highlight a relatively stable phase for the cedi, with the central bank's framework promoting equilibrium in Ghana’s foreign exchange market.
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