May 6: Cedi sells at GHS14 to $1, GHS13.42 on BoG interbank

The Ghanaian cedi has depreciated against the US dollar on the selling rates, declining by 1 pesewa but has appreciated in buying rates by 3 pesewas.

The buying rate is now GHS13.49, while the selling rate is also being offered at GHS14 on Monday, May 6, 2024.

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

The Cedi is trading at GHS13.40 on purchasing rate and GHS13.42 selling prices at interbank rates.

Some prominent currency bureaus, namely AfriSwap and Perebrim, are currently purchasing for GHS14.10 and GHS14.45, respectively, and selling at GHS14.40 and GHS14.10.

In comparison to the rates on Saturday, the British Pound Sterling has decreased in value on the buying rates by 3 pesewas but increased by 1 pesewa on the selling rates against the Cedi.

The buying rate and selling rate of the British Pound Sterling are, on average, GHS16.79 and GHS17.64, respectively.

The Euro has also decreased by 2 pesewas in the buying but increased by 2 pesewas in selling value against the cedi.

The purchasing and selling rates for the euro are GHS14.38 and GHS15.11 respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS16.84, unchanged from the previous rates.

The euro is currently selling at GHS14.45 on the interbank market, unchanged from the previous rates.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS13.40 and GHS12.42 respectively, for each dollar.

The two sites are offering buying rates of GHS16.75 and GHS16.64 for the British Pound, respectively.

The only one of the two that updated euro rates on Monday, Afriex, is selling GHS13.37 for €1.

For those who will be renewing their Netflix, Spotify or Apple Music subscriptions through Visa and Mastercard, both payment processors are offering a US dollar for GHS14.79 each.