📊 Ghana Cedi Faces Market Pressure Amid Forex Rate Gap
As of Saturday, July 5, 2025, the Ghanaian cedi continues to weaken in the retail market, with forex bureau rates significantly outpacing the Bank of Ghana’s interbank rates.
💵 US Dollar (USD/GHS)
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Forex Bureau:
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Buying: GHS12.00
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Selling: GHS12.50
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Interbank Market (BoG Official):
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Buying: GHS10.31
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Selling: GHS10.33
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💷 British Pound (GBP/GHS)
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Forex Bureau:
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Buying: GHS13.92
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Selling: GHS14.84
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Interbank Rate:
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GHS14.10
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💶 Euro (EUR/GHS)
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Forex Bureau:
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Buying: GHS12.06
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Selling: GHS12.82
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Interbank Rate:
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GHS12.13
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📲 Digital Payment Exchange Rates (Visa/Mastercard)
If you’re using services like Netflix, Apple Music, or Spotify billed in USD, expect an average card rate of:
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GHS11.13 per $1
🌐 Remittance Platform Rates (e.g., LemFi, Afriex)
Remittance platforms are offering relatively lower rates, around:
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GHS10.30–GHS10.31 per $1
📉 What’s Driving the Disparity?
The notable spread between forex bureau and interbank rates highlights increased pressure on the retail foreign exchange market. Contributing factors may include:
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Limited USD supply for retail traders
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Seasonal demand for foreign currency (travel, imports)
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Speculative buying
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Fluctuations in remittance inflows
📈 Need a Visual or Weekly Tracker?
Would you like a line graph showing weekly trends, or a comparison table with last month’s figures? I can generate a clean, exportable chart for content, reports, or financial planning.
Source: https://www.modernghana.com
