Ghana cedi slips past GH¢11 to dollar at banks as demand outpaces supply
The Ghanaian cedi has crossed the GH¢11 mark against the US dollar at commercial banks, as rising demand and limited dollar supply continue to weigh on the local currency.
Checks by Joy Business indicate that most commercial banks are quoting between GH¢11.00 and GH¢11.30 to the dollar, while the Bank of Ghana’s official interbank rate stood at GH¢10.90 as of Monday, August 25. In the parallel market, forex bureaus are selling the dollar for about GH¢12.20, reflecting a sharp premium over the official rate.
The currency’s latest movement comes despite a strong performance earlier in 2025, which saw the cedi appreciate by over 36 percent against the dollar, making it one of the best-performing African currencies.
About The Author
