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January 17: $1 drops GHS16.25 on Forex Bureaus, GHS15.28 average rate

CediRates Spotlight January 17: $1 drops GHS16.25 on Forex Bureaus, GHS15.28 average rate
FRI, 17 JAN 2025 1

The Ghanaian cedi has depreciated in both the buying rate by 3 pesewas and appreciated by 3 pesewas in the selling rate against the United States dollar, compared to Thursday’s averages.

The buying rate as at 10:00 am on Friday, January 17, 2025, is GHS14.87 while the selling rate is being offered at GHS15.28.

At forex bureaus, the cedi is trading at a buying rate of GHS15.90 and a selling rate of GHS16.25.

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

The Cedi is trading at GHS14.91 on purchasing rate and GHS14.93 selling price at interbank rates against the US dollar.

The buying and selling rates of the British Pound Sterling are, on average, GHS17.99 and GHS18.67, respectively.

The purchasing and selling rates for the Euro are GHS15.14 and GHS15.75, respectively.

The selling price of the Pound Sterling on the Bank of Ghana interbank market is GHS18.27.

The Euro is currently selling at GHS15.38 on the interbank market.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.80 and GHS14.86 respectively for each dollar.

The two money transfer sites are offering buying and selling rates of GHS18.14 and GHS18.68 for the British Pound, respectively.

For euro rates on Friday, Afriex is selling at GHS15.48, while Lemfi offers GHS15.25 per €1.

For those who will be renewing their Netflix, Spotify or Apple Music subscriptions through Visa and Mastercard, the payment processors are offering a US dollar for GHS15.94 and 16.00, respectively.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

Is a journalist with a keen interest in politics, current affairs, and social issuesPage: isaac-donkor-distinguished

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Comments

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