The cedi exchange rate against the US dollar saw some depreciation at forex bureaus across Ghana on Saturday, January 6, according to data from CediRates.com.
The Bank of Ghana's interbank rate pegged the selling price at GHS11.89 to the dollar while the central bank is buying the US dollar at GHS11.87.
At licensed forex bureaus the cedi was selling around GHS12.30 per dollar.
For those conducting online transactions or transferring funds digitally via CediConvert and WeWire Africa, the platforms offered selling rates of GHS12.35 and GHS12.32 respectively.
Meanwhile, the commercial banks like Stanbic, GCB and Fidelity Bank are selling their dollars trade within the GHS12.00 and GHS12.15 range.
The visa rate for online purchases globally came in at GHS12.82.
Other major foreign currencies such as the pound sterling and euro are also selling at GHS15.17 and GHS13.06 on the Bank of Ghana interbank rate.Editor's Note:
The 18.89 rate we quoted earlier was an error. The story has been updated with the right information and we sincerely apologise for the inconvenience caused. We also thank the feedback from our cherished readers which drew our attention to the error. Thanks and cheers.