Cedi weakens against major trading currencies, Euro records biggest weekly increase
The Ghana cedi weakened against the US dollar, euro and British pound in the week ending July 31, 2026, with the euro posting the largest gain against the local currency.
The Ghanaian cedi experienced a notable weakening trend against major trading currencies over the week ending July 31, 2026, with the euro registering the most significant increase. According to the Bank of Ghana's interbank exchange rate data, both the US dollar and the British pound appreciated against the cedi during the same period.
The US dollar's buying rate surged to GHc11.6801 from GHc11.6292 on July 27, resulting in a 0.44 percent depreciation of the cedi. In contrast, the euro's buying rate climbed to GHc13.45 from GHc13.24, marking a 1.7 percent depreciation of the cedi. The British pound also strengthened, with its buying rate rising to GHc15.73 from GHc15.5180, leading to a 1.38 percent depreciation.
By July 31, the euro remained the most valuable of the three currencies, with a selling rate of GHc13.48, followed by the pound at GHc15.74 and the US dollar at GHc11.6917. The cedi's decline against the euro was the steepest, trailed by the pound, while its decline against the US dollar was relatively minor.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
