Cedi buys at 11.82 to a Dollar on Thursday - BoG Rate
The Pound was buying at 15.6184 and sold at 15.6352.
On Thursday, October 8, the Ghanaian Cedi experienced a decline against the US dollar, purchasing at 11.8241 and selling at 11.8358. This marked a weakening trend from the previous day's trading, where the Cedi had bought at 11.7941 and sold at 11.8059. The previous Tuesday, October 6, saw the Cedi purchasing at 11.7591 and selling at 11.7709 against the dollar, according to the Bank of Ghana's rate.
The British Pound also impacted the Cedi's value, purchasing at 15.6184 and selling at 15.6352 on Thursday, compared to 15.5420 and 15.5588 on Wednesday. This fluctuation in the Pound's value likely contributed to the Cedi's depreciation.
Bank of Ghana Governor Dr. Johnson Pandit Asiama recently highlighted the Cedi's recovery against major international currencies, noting an enhanced external reserve situation and growing economic activity across various sectors. He emphasized that the economy is experiencing a more balanced growth, spurred by improvements in services, agriculture, and a gradual resurgence in industry.
These positive developments have collectively cultivated a more stable and predictable business and investment environment in Ghana, according to the Governor during the launch of the Ghana Investment Promotion (GIPC) 2025 Annual Investment Report.
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