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June 20: Cedi sells at GHS15.44 to $1, GHS14.37 on BoG interbank

CediRates Spotlight June 20: Cedi sells at GHS15.44 to $1, GHS14.37 on BoG interbank
THU, 20 JUN 2024 LISTEN

The Ghanaian cedi has appreciated against the US dollar in the buying rate by 7 pesewas but has depreciated further by 5 pesewas in the selling rates.

The buying rate as at 10:00 am on Thursday, June 20, 2024, is GHS14.64, while the selling rate is also being offered at GHS15.44.

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

The Cedi is trading at GHS14.35 on purchasing rate and GHS14.37 selling price at interbank rates against the US dollar.

In comparison to the rates same time on Wednesday, the British Pound Sterling has declined in value at the buying rate by 6 pesewas and by 10 pesewas in the selling rate against the Cedi.

The buying and selling rates of the British Pound Sterling are, on average, GHS18.63 and GHS19.65, respectively.

The Euro has declined in value on the buying rate by 9 pesewas but has increased by 7 pesewas on the selling rate against the cedi.

The purchasing and selling rates for the euro are GHS15.57 and GHS16.60, respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS18.28, 9 pesewas rise from the previous rate.

The euro is currently selling at GHS15.44 on the interbank market, 5 pesewas rise from the previous rate.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.60 and GHS12.50 respectively, for each dollar.

The two money transfer sites are offering buying and selling rates of GHS18.63 and GHS19.37 for the British Pound, respectively.

The only one of the two that updated euro rates on Thursday, Afriex, is selling GHS13.47 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 GHS16.34 and GHS16.26, respectively.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished

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