In a move to promote transparency and guide economic activity, the Bank of Ghana has released its latest interbank foreign exchange rates, providing a clear view of how the Ghana cedi is performing against both global and regional currencies.
These reference rates, calculated from large foreign exchange transactions of ten thousand dollars or more by licensed commercial banks, serve as a reliable benchmark for travelers, businesses, and international payments.
Unlike the fluctuating rates often found at commercial bank counters or local forex bureaux, the central bank’s weighted median approach filters out market volatility, reflecting genuine wholesale trading activity nationwide. As this week’s trading window opens, the Ghana cedi shows stability against major world currencies.
The official mid-rate for the US Dollar stands at GH¢11.5500, with a buying rate of GH¢11.5442 and a selling rate of GH¢11.5558. The British Pound Sterling is trading at a mid-rate of GH¢15.5284, while the Euro posts a mid-rate of GH¢13.2118. The Swiss Franc remains steady at GH¢14.3126, and the Canadian Dollar at GH¢8.2407.
For cross-border merchants and regional trade, the Bank of Ghana has also updated key African indicators. The cedi is pegged at a mid-rate of GH¢119.00 against the Nigerian Naira, a crucial metric for West Africa’s busiest trading corridor. Meanwhile, the regional CFA Franc is set at a mid-rate of GH¢49.6495, providing vital guidance for businesses managing import costs and currency risks across the ECOWAS sub-region.
These official rates, published at the start of each trading week, underscore the central bank’s commitment to providing accurate and actionable data for all market participants, supporting both domestic and international economic planning.
Source: Apexnewsgh.com