Cedi Weakens Against Major Currencies in Week Ending July 31

The Ghanaian cedi experienced a decline against major trading currencies in the week ending July 31, 2026. According to Bank of Ghana interbank exchange rate data, all three major currencies - US dollar, euro, and British pound - appreciated against the cedi between July 27 and July 31.

The US dollar buying rate rose to GHc11.6801 on July 31 from GHc11.6292 on July 27, while the selling rate increased to GHc 11.6917 from GHc 11.6408. The cedi consequently depreciated by about 0.44 per cent against the dollar over the period.

The euro recorded the strongest weekly gain, with its buying rate climbing to GHc13.45 on July 31 from GHc13.24 at the start of the week. The selling rate rose to GHc 13.48 from GHS 13.25, resulting in a depreciation of about 1.7 per cent against the single European currency.

The British pound also strengthened against the cedi, with its buying rate increasing to GHc15.73 on July 31 from GHc 15.5180 on July 27. The selling rate rose to GHc 15.74 from GHc 15.53, resulting in a depreciation of about 1.38 per cent against the pound during the week.