Ghana's cedi has slightly strengthened against key foreign currencies like the US dollar in some forex bureaus.
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According to the Bank of Ghana, the official rates show the cedi being bought at GH¢15.05 and sold at GH¢15.06 per dollar.
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The British pound is being bought at GH¢18.54 and sold at GH¢18.56, while the euro is trading at GH¢15.68 for buying and GH¢15.69 for selling.
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However, checks by the media on January 23, 2025 reveal different rates at some forex bureaus.
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The cedi is exchanging at GH¢16.20 per dollar, the pound at GH¢19.60, and the euro at GH¢16.60 in the retail market.
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To help stabilize the cedi, the Bank of Ghana sold over $200 million in the final quarter of 2024. This intervention is part of measures to reduce the pressure on the local currency.
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