Cedi Gains Momentum Against Dollar Today

The Ghanaian cedi has demonstrated relative stability against major international currencies, according to the Bank of Ghana’s daily exchange rates published for Thursday, October 9, 2025. The interbank rates, which reflect transactions at the close of business on Wednesday, October 8, 2025, show the local currency maintaining its position in the foreign exchange market.

Against the US dollar, the cedi is trading at a buying rate of ₵12.3938 and a selling rate of ₵12.4062. This represents the average rates used by commercial banks for major currency transactions. The narrow spread between the buying and selling rates indicates relatively stable market conditions for dollar transactions.

The British pound sterling is trading at ₵16.5916 for buying and ₵16.6094 for selling, while the euro is positioned at ₵14.3812 for buying and ₵14.3954 for selling. These rates reflect the cedi’s performance against other major trading currencies beyond the US dollar.

Currency stability remains a critical concern for Ghana’s economy, as exchange rate fluctuations directly impact import costs, inflation, and the overall cost of living. The forex market’s performance influences various sectors including manufacturing, retail, and services that rely on imported goods and materials.

The Bank of Ghana continues to monitor the foreign exchange market closely, implementing monetary policies aimed at maintaining currency stability and managing inflationary pressures. These daily exchange rate publications provide transparency and serve as a benchmark for commercial banks and forex bureaus operating across the country.

For businesses engaged in international trade and individuals making foreign transactions, these official rates provide guidance on the prevailing market conditions and help in financial planning and decision-making.

The current exchange rates reflect ongoing efforts to maintain currency stability in Ghana’s forex market. As global economic conditions continue to evolve, the Bank of Ghana’s commitment to transparent rate publication remains essential for market confidence and economic planning.

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