The Ghanaian cedi continues to trade against the major international currencies with updated rates for Wednesday, 21st May, 2025, as released by the Bank of Ghana. These rates represent the average figures used by commercial banks when doing transactions with their customers.
According to the report, the US dollar, British pound, and the euro have slightly changed in value compared to the previous day. These rates are based on the average interbank exchange rates recorded at the close of business on Tuesday, 20th May, 2025.
For those looking to exchange US dollars, the buying rate stands at GH¢12.0940, meaning that is the amount you get when selling your dollars to the bank. If you are buying US dollars from the bank, the rate is slightly higher at GH¢12.1061.
The British pound sterling, which is stronger than the US dollar, is being bought at GH¢16.1660 and sold at GH¢16.1834. This means anyone selling pounds to a bank will receive GH¢16.1660 per pound, while those buying will pay GH¢16.1834.
For the euro, the buying rate is GH¢13.6123, and the selling rate is GH¢13.6247.
These figures are important for individuals and businesses who deal in foreign exchange, such as importers, exporters, travelers, and students studying abroad. They help to guide trading and budgeting when converting money between currencies.
It’s important to note that these are average interbank rates. Actual exchange rates at forex bureaus and banks may vary slightly depending on their individual policies and the demand for foreign currency.
The Ghanaian economy continues to feel the impact of global market changes, and exchange rates are one of the key indicators of how the cedi is performing in relation to other currencies. Citizens are advised to keep monitoring these rates regularly.
