Cedi Sells At GH¢16.00 Against The US Dollar On April 1
Cedi Sells At GH¢16.00 Against The US Dollar On April 1
As of April 1, 2025, the Ghanaian cedi is trading at approximately GH¢16.00 against the US dollar in forex bureaus. Specifically, individuals exchanging cedis for dollars are quoted around GH¢16.00 per dollar, while those converting dollars to cedis receive about GH¢15.60 per dollar.
On the interbank market, the rates are slightly more favorable, with the cedi trading at a buying price of GH¢15.52 and a selling price of GH¢15.53 to the dollar.
These figures indicate a continued depreciation of the cedi against the dollar, reflecting ongoing economic challenges. For context, as of July 2024, the cedi had depreciated by approximately 19.6% against the US dollar on the interbank forex market.
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Given the volatility in exchange rates, individuals and businesses engaged in foreign currency transactions are advised to monitor the rates closely and consult with financial institutions for the most current information.
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Source: ModernGhanaNews
