The Ghana cedi continued a steady downward trend against major currencies in mid-March, according to the latest Bank of Ghana interbank foreign exchange data.
Between 16th and 19th March 2026, the cedi depreciated by 0.64% against the US dollar, with the interbank mid-rate moving from ₵10.87 to ₵10.94. Against the pound sterling, the cedi lost 1.09%, declining from ₵14.46 to ₵14.62, while it weakened by 0.98% against the euro, sliding from ₵12.49 to ₵12.61 over the same period.
With 20th and 23rd March observed as public holidays, no new interbank rates were recorded, leaving 19th March as the latest available benchmark for trading.
In the retail foreign exchange market, bureau mid-rates remain higher than the official interbank rates. For example, some bureaus report a mid-rate of ₵11.65 to the US dollar, reflecting a consistent premium in the informal market compared with the central bank rate.
The data indicates that the cedi’s depreciation against major currencies continued at the start of the week, even though trading activity was interrupted by national holidays.
The Bank of Ghana interbank rates continue to provide a reference for commercial banks and corporate transactions, while bureau rates reflect ongoing retail-level demand.
This recent movement follows the early 2026 trend of the cedi’s gradual depreciation, continuing the adjustments observed in the first quarter of the year.
