If you walk into a bank in Ghana today to exchange dollars, the difference in rates could mean a loss of just 30 pesewas, or as much as GH₵1.40, depending on where you go.
The Bank of Ghana itself set the tone with the tightest quote, buying at GH₵11.94 and selling at GH₵11.96, a spread of only 2 pesewas. But commercial banks are charging much wider margins.
The “tightest deals” came from Societe Generale and First National Bank, each offering a 30-pesewa spread. Close behind were OmniBSIC, Stanbic, Fidelity, and Zenith, all at 55 pesewas.
Mid-pack performers included Access Bank with a 72-pesewa spread, Republic Bank at 53 pesewas, NIB at 78 pesewas, and Prudential at 87 pesewas.
At the far end, the widest gaps were posted by CalBank at GH₵1.40 (buying at 11.00, selling at 12.40), UBA at GH₵1.10, and Ecobank at 95 pesewas. ADB also stood out with a 70-pesewa spread, while GCB and CBC each quoted 51 pesewas.
Overall, spreads across the market ranged from 30 pesewas to GH₵1.40, with most banks sitting between 50 and 90 pesewas.
For customers, that means choosing the right counter could make a real difference in how many cedis they walk away with.
