Ghana’s local currency, the Ghana cedi, has depreciated slightly against major trading currencies on the interbank market, particularly the US dollar.
In its daily update on August 29, 2025, the Bank of Ghana noted that the cedi is trading at a buying price of GH¢11.24 and a selling price of GH¢11.25 to the dollar, a 19 pesewa jump from Thursday’s price.
Cedi nears GH¢11 on interbank market
The British pound is being bought at GH¢15.19 and sold at GH¢15.21, while the euro is trading at a buying price of GH¢13.12 and a selling price of GH¢13.14.
Checks by GhanaWeb Business on August 29, 2025, at 8:00 AM indicated that the Ghana cedi is trading at GH¢12.50, while the pound is selling at GH¢16.80 at some forex bureaus across the country.
Additionally, the euro is trading at GH¢14.75 on the retail market.
Meanwhile, the Governor of the Bank of Ghana, Dr Johnson Asiama, has noted that the current depreciation of the cedi is a blip and will be corrected soon.
SSD/EB
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