January 23: $1 trades at GHS16.20 at forex bureaus, GHS15.53 average rate

The Ghana cedi has depreciated against the United States dollar, with the buying rate at GHS15.06 for every dollar exchanged, and the selling rate at GHS15.53 for those converting cedis to dollars on Thursday, January 23, 2025.

This marks 5 pesewas and 4 pesewas drop in the buying rate and selling rates respectively, compared to Wednesday’s averages.

At forex bureaus, the cedi is trading at GHS15.75 for those exchanging cedis for dollars, and GHS16.20 for those converting dollars to cedis.

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

On the interbank market, the cedi is trading at GHS15.05 for those exchanging cedis for dollars and GHS15.07 for those converting dollars to cedis.

For the British Pound, the average exchange rates are GHS18.39 for converting cedis to pounds and GHS19.09 for converting pounds to cedis, while the Euro is trading at GHS15.48 for exchanging cedis for euros and GHS16.15 for exchanging euros for cedis.

On the Bank of Ghana interbank market, the selling rate for the Pound is GHS18.56, and the Euro is selling at GHS15.70.

For money transfers, LemFi and Afriex offer rates of GHS15.04 and GHS15.07 per dollar, respectively, for transfers from the US or the UK to Ghana.

For the British Pound, LemFi and Afriex are offering exchange rates of GHS18.50 and GHS19.49, respectively, for converting cedis to pounds.

Afriex’s rate for the Euro is GHS15.70, while LemFi offers GHS15.60 per €1.

For those renewing their Netflix, Spotify, or Apple Music subscriptions through Visa and Mastercard, the processors are offering rates of GHS16.32 and GHS16.26 per US dollar, respectively.