The Bank of Ghana has released the official exchange rates for major foreign currencies as of Friday, May 30, 2025. These rates are used by commercial banks and other financial institutions for trading purposes. The rates are based on the average interbank market rates at the close of business on Thursday, May 29, 2025.
According to the Bank of Ghana, the exchange rate for the US dollar (USD) is as follows:
Buying rate: GH₵10.2949
Selling rate: GH₵10.3052
This means that if you are selling US dollars to a bank, you will receive GH₵10.2949 for every dollar. If you are buying US dollars from a bank, you will pay GH₵10.3052 for each dollar.
For the British pound sterling (GBP), the rates are:
Buying rate: GH₵13.8826
Selling rate: GH₵13.8975
This shows that the pound remains strong compared to the Ghanaian cedi. People who want to buy pounds from the bank will pay GH₵13.8975, while those selling pounds will get GH₵13.8826 for each pound.
The exchange rate for the euro (EUR) is also listed:
Buying rate: GH₵11.6975
Selling rate: GH₵11.7081
This means banks will buy one euro at GH₵11.6975 and sell it at GH₵11.7081.
These rates are important for people who are involved in international trade, travel, or receive remittances from abroad. The exchange rates help businesses and individuals calculate how much they will get or pay when exchanging currencies.
The Bank of Ghana updates these rates regularly to reflect changes in the international currency market. Ghanaians are advised to always check the official rates before making any currency transactions.
