The Bank of Ghana has released the official exchange rates for Tuesday, 8th July 2025, and the Ghanaian cedi has recorded another drop in value against the US dollar.
According to the new figures published by the central bank, the US dollar is being bought at GHS 10.3448 and sold at GHS 10.3552. This shows a significant increase compared to Monday’s rates, where the dollar was being bought at GHS 10.3148 and sold at GHS 10.3252. This means the cedi has weakened by over 3 pesewas in just 24 hours.
The exchange rates are based on the average interbank trading figures from commercial banks at the close of business on Monday, 7th July 2025.
For other major foreign currencies, the changes were smaller. The British pound is now being bought at GHS 14.0783 and sold at GHS 14.0934. This is slightly lower than Monday’s rates, where the buying rate was GHS 14.0798 and the selling rate was GHS 14.0959.
The euro has also seen a small dip. It is now being bought at GHS 12.1135 and sold at GHS 12.1244, compared to Monday’s buying rate of GHS 12.1200 and selling rate of GHS 12.1318.
These changes in the exchange rates are important for businesses, importers, exporters, and individuals who rely on foreign currencies for transactions. The rise in the dollar exchange rate means more cedis are needed to buy the same amount of dollars, which could lead to higher prices for imported goods and services.
The Bank of Ghana continues to monitor the foreign exchange market and urges the public to refer to trusted sources such as the central bank’s website and licensed forex bureaus for up-to-date exchange rates.
