The Ghana cedi has recorded mixed movements against major currencies in the latest Bank of Ghana (BoG) exchange rate update. As of September 28, 2026, the cedi's performance against the US dollar, pound sterling, and euro showed variations. The BoG's update reflects average interbank rates used by commercial banks for transactions at the close of business on Friday, September 25. These rates are crucial for understanding the cedi's current standing in the foreign exchange market.
The US dollar's average rate stood at GH¢11.6225, with a buying rate of GH¢11.6167 and a selling rate of GH¢11.6283. This represents a slight increase from the previous average rate of GH¢11.6157, indicating a marginal depreciation of the cedi against the dollar. Such a movement can influence the cost of imported goods and services, as well as international transactions.
The pound sterling saw a more significant increase in its average rate, quoted at GH¢15.3958, with buying and selling rates of GH¢15.3875 and GH¢15.4040, respectively. This is a rise from the previous average of GH¢15.3728, showing the pound gained about GH¢0.02 against the cedi. The euro also strengthened slightly, with an average rate of GH¢13.2443, up from GH¢13.2217.
The BoG's exchange rates are interbank reference rates, which may differ from the actual rates offered by commercial banks and forex bureaux. These rates are essential for businesses and individuals involved in international transactions, as they provide a benchmark for foreign exchange dealings.
The latest rates indicate a modest depreciation of the cedi against all three major currencies. This trend can affect various sectors, including importation, travel, and international payments. Understanding these exchange rates is vital for making informed decisions in foreign transactions.
The Bank of Ghana's updates are critical for the country's economic stakeholders. By providing timely and accurate exchange rate information, the BoG facilitates smooth transactions and helps maintain stability in the foreign exchange market. The rates are available for various currencies, offering a comprehensive view of the cedi's performance.
In comparison to previous rates, the cedi's movements against the dollar, pound, and euro show a mixed trend. While the cedi depreciated slightly against the dollar, it also faced increases in the pound and euro's value. The BoG will continue to monitor and update exchange rates to reflect the dynamic nature of the foreign exchange market.
Key points
- The Ghana cedi's exchange rates against major currencies have been updated by the Bank of Ghana for September 28, 2026.
- The cedi showed a marginal depreciation against the US dollar and modest increases in value against the pound sterling and euro.
- The BoG's exchange rates serve as interbank reference rates and may differ from actual rates offered by commercial banks and forex bureaux.
