The Bank of Ghana has released the official exchange rates for major foreign currencies for Thursday, May 15, 2025. These rates are what banks use when buying or selling foreign money such as the US dollar, British pound, and the euro.
According to the Bank of Ghana, one US dollar is being bought at GHS 12.4413 and sold at GHS 12.4537. This means that if someone goes to a bank to exchange dollars, the bank will buy each dollar at 12.4413 Ghana cedis. If the person wants to buy dollars from the bank, each dollar will cost 12.4537 cedis.
For those dealing with the British pound, the buying rate is GHS 16.5581, while the selling rate is GHS 16.5759. This shows that the pound remains the most expensive currency among the three listed by the central bank.
The euro is also being traded actively. The buying rate for the euro is GHS 13.9507 and the selling rate is GHS 13.9634. Just like the other currencies, the difference between the buying and selling prices is small but important for those doing business or travelling.
These rates are based on the average interbank exchange rates that commercial banks used for transactions at the end of business on Wednesday, May 14, 2025. Interbank rates are used when banks trade money among themselves, and the Bank of Ghana uses this to set the standard for the country.
The exchange rates are important for traders, importers, exporters, students studying abroad, and anyone involved in international transactions. Changes in these rates can affect the prices of goods, school fees, and even fuel.
The Bank of Ghana was established in 1957 and has continued to play a key role in managing the country’s economy, especially when it comes to foreign currency exchange and financial stability.
