Ghanaian Cedi Continues Downward Trend Against Major Currencies

The Ghanaian Cedi has continued its downward trend against major currencies on the forex market. On July 31, 2026, the average buying rate of the Cedi against the US dollar was GHS11.58, showing a slight decline from previous rates. The selling rate also saw a minimal dip to GHS12.12.

At forex bureaus, the Cedi is trading at GHS11.95 for dollar purchases and GHS12.30 for dollar sales, highlighting the ongoing depreciation of the currency. On the Bank of Ghana's interbank market, the cedi is trading at GHS11.68 for buying and GHS11.69 on the selling rates.

For other major currencies like the British pound and Euro, the average forex bureau rate stands at GHS15.38 for buying and GHS16.25 for selling, while the Bank of Ghana's interbank rate for the pound is GHS15.75. The Euro is trading at GHS13.16 for buying and GHS13.91 for selling at forex bureaus, with an interbank rate of GHS13.48.