Forex bureaus are now selling the cedi at improved rates as Ghana’s currency makes gains against major trading currencies like the dollar.

By the close of November, the cedi was trading at GH¢16.40, down from the earlier peak of GH¢17.00.

The Bank of Ghana attributes this recovery to growth in the external sector, supported by measures such as the sale of over $200 million to stabilize the currency.

The Central Bank’s December 4, 2024, update shows the cedi’s buying and selling rates at GH¢15.10 and GH¢15.12.

For the British Pound, the rates are GH¢19.12 (buying) and GH¢19.14 (selling), while the Euro is trading at GH¢15.88 (buying) and GH¢15.89 (selling).

Market checks by GhanaWeb Business reveal that, as of 8:10 AM on December 4, the cedi trades at GH¢16.00 to the dollar, GH¢20.10 to the pound, and GH¢16.85 to the euro at key forex bureaus.