The Bank of Ghana has confirmed a significant depreciation of the Ghanaian cedi against major international currencies. The latest interbank exchange rates, released on Thursday, September 18, 2025, show a sharp drop in the value of the local currency compared to the US Dollar, the British Pound, and the Euro.
According to the official figures, the cedi now trades at an average buying rate of GH₵12.2439 and a selling rate of GH₵12.2561 against the US Dollar. The British Pound is being bought at GH₵16.7288 and sold at GH₵16.7468. The Euro stands at GH₵14.5039 for buying and GH₵14.5182 for selling.
This sharp decline has raised concern among businesses and the general public. Importers and exporters are particularly affected as the weaker cedi makes imports more expensive and increases the cost of foreign transactions. Households that rely on remittances also feel the impact, as the exchange gap influences the real value of money received from abroad.
The Bank of Ghana explained that the difference between the buying and selling rates, known as the spread, remains a standard feature of banking operations. It represents the margin banks earn on currency trades. However, the central issue remains the rapid weakening of the cedi in recent weeks.
For example, anyone selling 100 US dollars to a bank will now receive GH₵1,224.39. To buy the same amount back, the cost rises to GH₵1,225.61. This highlights how quickly the cedi has lost value and why businesses and consumers are expressing worry.
Analysts warn that if the depreciation continues, it could fuel inflation and increase the cost of living. Stakeholders are calling on the Bank of Ghana to implement stronger measures to stabilize the currency and protect the economy.
From Opera News
