The exchange rates between the US Dollar and the Ghanaian Cedi remain a crucial indicator of the country’s economic performance, impacting businesses, individuals, and government policies. Major banks across Ghana updated their forex rates, revealing competitive variations in buying and selling prices. These fluctuations reflect the dynamic nature of the forex market, influenced by local demand, international trade, and broader economic trends.
On Monday morning, January 20th, 2025, the exchange rates for the US Dollar against the Ghanaian Cedi across various banks in Ghana were as follows:
Buying and Selling Rates Across Banks
- Bank of Ghana:
- Buying: GHS 14.94
- Selling: GHS 14.96
- Fidelity Bank:
- Buying: GHS 14.65
- Selling: GHS 15.20
- CalBank:
- Buying: GHS 14.60
- Selling: GHS 15.20
- Absa Bank:
- Buying: GHS 14.80
- Selling: GHS 15.15
- NIB (National Investment Bank):
- Buying: GHS 14.82
- Selling: GHS 15.11
- GCB Bank:
- Buying: GHS 14.80
- Selling: GHS 15.10
- Zenith Bank:
- Buying: GHS 14.80
- Selling: GHS 15.10
- GTBank (Guaranty Trust Bank):
- Buying: GHS 14.75
- Selling: GHS 15.10
- Stanbic Bank:
- Buying: GHS 14.56
- Selling: GHS 15.05
- CBG (Consolidated Bank Ghana):
- Buying: GHS 14.91
- Selling: GHS 15.01
- UBA (United Bank for Africa):
- Buying: GHS 14.65
- Selling: GHS 15.00
- Standard Chartered Bank:
- Buying: GHS 14.42
- Selling: GHS 14.99
- Ecobank:
- Buying: GHS 14.35
- Selling: GHS 14.95
- Access Bank:
- Buying: GHS 14.67
- Selling: GHS 14.90
Mid-Rates
The mid-rates across the banks reflect a stable average around GHS 14.90, with slight variations depending on individual institutions.
These rates show competitive variations between banks, reflecting both the demand for the dollar and operational strategies within the Ghanaian financial sector.
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