May 21: Cedi sells at GHS14.79 to $1, GHS13.84 on BoG interbank

The Ghanaian cedi has depreciated against the US dollar, declining further by 4 pesewas on the buying rate and 5 pesewas on the selling rate.

The buying rate is now GHS14.17, while the selling rate is also being offered at GHS14.78 on Tuesday, May 21, 2024.

This is based on data provided by Cedirates.com, a well-known Ghanaian website for currency and fuel updates.

The Cedi is trading at GHS13.83 on purchasing rate and GHS13.84 selling price at interbank rates against the US dollar.

Some currency bureaus, namely AfriSwap and Perebrim, are currently purchasing for GHS14.70 and GHS14.85 respectively, and selling at GHS15.15 and GHS15, respectively.

In comparison to the rates on Monday, the British Pound Sterling increased by 6 pesewas in value on the buying rate and by 22 pesewas on the selling rate against the Cedi.

The buying rate and selling rate of the British Pound Sterling are, on average, GHS17.82 and GHS18.68, respectively.

The Euro has also increased in value by 5 pesewas on the buying rate and by 6 pesewas on the selling rate against the cedi.

The purchasing and selling rates for the euro are GHS15.22 and GHS16.00, respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS17.59.

The euro is currently selling at GHS15.04 on the interbank market.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.20 and GHS14.26 respectively, for each dollar.

The two money transfer sites are offering buying and selling rates of GHS18.10 and GHS18.11 for the British Pound, respectively.

The only one of the two that updated euro rates on Tuesday, Afriex, is selling GHS15.36 for €1.

For those who will be renewing their Netflix, Spotify or Apple Music subscriptions through Visa and Mastercard, both payment processors are offering a US dollar for GHS15.62 and GHS15.46, respectively.