The Ghana cedi has registered slight gains against key foreign currencies, including the US dollar, as observed at various forex bureaus across the country. Apexnewsgh reports
Recent updates from the Central Bank of Ghana reveal that the cedi is now trading at a buying price of GH¢14.54 and a selling price of GH¢14.55 against the dollar.
Forex bureaus, however, are reflecting a slightly higher exchange rate, with the dollar currently set at GH¢15.85. This discrepancy raises questions about the underlying factors affecting currency valuations in Ghana.
The Central Bank’s latest figures have also provided insights into the performance of the cedi against other major currencies:
– The British Pound is being traded at a buying rate of GH¢19.37 and a selling rate of GH¢19.40, while forex bureaus are offering it at GH¢21.00.
– Similarly, the Euro sees the Central Bank buying it at GH¢16.54 and selling at GH¢16.56, with forex bureaus listing it at GH¢18.00.
In the midst of these fluctuations, there’s mention of an alternate exchange rate hovering around GH¢14.48 per US dollar, though the source remains unconfirmed. This varying landscape of exchange rates underscores the inherent volatility in Ghana’s currency market, leaving citizens and traders alike feeling both optimistic and cautious as they navigate the evolving economic terrain.
Source: Apexnewsgh.com
