April 10: Cedi sells at GHS13.48 to $1, GHS12.97 on BoG interbank

The buying rate of the Ghanaian cedi versus the US dollar has moved up by 1 pesewa on both the buying and selling rates.

The buying rate is now GHS12.97, while the selling rate is also being offered at GHS13.48 on Wednesday, April 10, 2024.

This is based on data provided by Cedirates.com, a well-known Ghanaian website for currency and gasoline updates.

The Cedi is trading at GHS12.95 purchasing and GHS12.97 selling prices at interbank rates, 4 and 5 pesewas respective increment from Monday.

Some prominent currency bureaus, namely AfriSwap and Albrim, are currently purchasing for GHS13.25 and GHS13.60, respectively, and selling at GHS13.10 and GHS13.70.

In comparison to our last post on Monday, the Cedi increased in buying price by 5 pesewas but remained stable on selling rates on AfriSwap while the selling rates at Albrim also saw 10 pesewas depreciation against the US dollar.

In comparison to the rates on Monday, the British Pound Sterling has increased in buying rate by 4 pesewas and by 5 pesewas against the Cedi, while the Euro has also increased in purchasing value by 3 pesewas and 2 pesewas on the selling rate.

The buying rate and selling rate of the British Pound Sterling are, on average, GHS16.37 and GHS17.16, respectively.

The purchasing and selling rates for the euro are GHS13.99 and GHS14.72, respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS16.43, a 9 pesewas increment from the rates on Monday.

The euro is currently selling at GHS14.07 on the interbank market, a 6 pesewas increment from the rates on Monday.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS13.05 and GHS13.14, respectively, for each dollar.

The two sites are offering buying rates of GHS13.60 and GHS16.47 for the British Pound, respectively.

The only one of the two that updated euro rates on Wednesday, Afriex, is selling GHS14.16 for €1.