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June 6: Cedi sells at GHS15.15 to $1, GHS14.15 on BoG interbank

CediRates Spotlight June 6: Cedi sells at GHS15.15 to $1, GHS14.15 on BoG interbank
THU, 06 JUN 2024 LISTEN

The Ghanaian cedi has appreciated against the US dollar by 8 pesewas in the buying rate but has depreciated in the selling rate by 8 pesewas.

The buying rate as at 10:00 am on Thursday, June 6, 2024, is GHS14.40, while the selling rate is also being offered at GHS15.15.

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

The Cedi is trading at GHS14.14 on purchasing rate and GHS14.15 selling price at interbank rates against the US dollar.

In comparison to the rates on Wednesday, the British Pound Sterling has increased in value on the buying rate by 11 pesewas and by 16 pesewas on the selling rate against the Cedi.

The buying and selling rates of the British Pound Sterling are, on average, GHS18.44 and GHS19.40, respectively.

The Euro has decreased in value on the buying rate by 4 pesewas but has risen by 10 pesewas on the selling rate against the cedi.

The purchasing and selling rates for the euro are GHS15.55 and GHS16.50, respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS18.08, 1 pesewa decline from the previous rate.

The euro is currently selling at GHS15.38 on the interbank market, a 1 pesewa decline from the previous rate.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.60 and GHS12.66 respectively, for each dollar.

The two money transfer sites are offering buying and selling rates of GHS18.63 and GHS18.82 for the British Pound, respectively.

The only one of the two that updated euro rates on Wednesday, Afriex, is selling GHS13.64 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 GHS15.99 each.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished

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