Cedi sells at GH¢15.95 at foreign exchange bureaus
Ghana’s native foreign money, the cedi, continues to realize momentum in opposition to main buying and selling currencies, particularly the greenback at some foreign exchange bureaus.
The cedi ended November promoting at GH¢16.40 at some foreign exchange bureaus after recording as much as GH¢17.00 within the months prior.
The Bank of Ghana attributed the beneficial properties to the expansion in Ghana’s exterior sector.
In its every day replace, the Central Bank famous that as of December 19, 2024, the cedi is buying and selling at a shopping for value of GH¢14.72 and promoting at GH¢14.73.
The British Pound is being purchased at GH¢18.68 and offered at GH¢18.70.
The Euro trades at a shopping for value of GH¢15.41 and a promoting value of GH¢15.42.
Checks by GhanaInternet Business as of December 18, 2024, at 10:00 AM present that the cedi is buying and selling at GH¢15.95 to the greenback, whereas the pound is buying and selling at GH¢20.10 at some main foreign exchange bureaus throughout the nation.
Additionally, the Euro is buying and selling at GH¢17.00 on the retail market.
Despite the present beneficial properties, the decline of the cedi in opposition to main buying and selling currencies will additional worsen the woes of the Ghanaian financial system.
The Bank of Ghana in its efforts to curb the depreciation of the cedi offered some {dollars}, price over 200 million.
See the BoG and foreign exchange bureau charges under:
