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Fri, 24 May 2024 CediRates Spotlight

May 24: Cedi sells at GHS14.87 to $1, GHS13.93 on BoG interbank

May 24: Cedi sells at GHS14.87 to $1, GHS13.93 on BoG interbank
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The Ghanaian cedi has depreciated against the US dollar in the selling rate by 2 pesewas but appreciated in the buying rate by 6 pesewas.

The buying rate is now GHS14.20, while the selling rate is also being offered at GHS14.89 on Friday, May 24, 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 GHS13.92 on purchasing rate and GHS13.93 selling price at interbank rates against the US dollar.

Some currency bureaus, namely AfriSwap and Perebrim, are currently purchasing for GHS14.80 and GHS14.90, respectively, and selling at GHS15 and GHS15.30.

In comparison to the rates on Thursday, the British Pound Sterling increased by 5 pesewas in value on the buying rate and by 2 pesewas on the selling rate against the Cedi.

The buying rate and selling rate of the British Pound Sterling are, on average, GHS18.01 and GHS18.84, respectively.

The Euro has decreased in value by 7 pesewas on the buying rate but increased by a pesewa on the selling rate against the cedi.

The purchasing and selling rates for the euro are GHS15.20 and GHS16.07, respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS17.72, 1 pesewa rise from the previous rate.

The euro is currently selling at GHS15.08 on the interbank market, 1 pesewa rise from the previous rate.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.20 and GHS12 respectively, for each dollar.

The two money transfer sites are offering buying and selling rates of GHS18.10 and GHS19.18 for the British Pound, respectively.

The only one of the two that updated euro rates on Friday, Afriex, is selling GHS12.92 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 each.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished

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