The Bank of Ghana has released the official exchange rates for Monday, 19th May 2025. These rates help guide commercial banks and the public in foreign currency transactions such as buying and selling dollars, pounds, and euros.
According to the figures, the US Dollar is being bought at GH₵12.3138 and sold at GH₵12.3262. This means if you want to sell your dollars to a bank, you will receive GH₵12.3138 for every dollar. If you are buying dollars from the bank, you will pay GH₵12.3262 for each dollar.
For the British Pound Sterling, the buying rate is GH₵16.3208 and the selling rate is GH₵16.3383. This shows that the pound is stronger than the dollar, and it costs more in Ghana cedis to buy or sell it.
The Euro is also being traded at a higher rate compared to the dollar. The buying rate for the Euro is GH₵13.7161, while the selling rate is GH₵13.7285.
These rates are based on the average interbank exchange rates that commercial banks used at the close of business on Friday, 16th May 2025. Interbank rates are the prices banks charge each other when they trade foreign currencies. The Bank of Ghana uses these figures to set a benchmark for the general market.
Exchange rates can affect the cost of imported goods, travel, and even school fees for students studying abroad. For this reason, many businesses and individuals watch the exchange rate updates closely. The Bank of Ghana encourages the public to always check official rates before making any foreign exchange transactions to avoid being cheated or misled.
