Cedi Keeps Climbing While Dollar Crumbles

Ghana's cedi continues gaining strength against the US dollar on Monday with buying rates at 9.97 cedis per dollar. Banks sell dollars for 10.78 cedis according to Cedirates.com currency tracking website. Exchange bureaus charge 10.70 cedis when people trade dollars for local money. Converting cedis to dollars costs 11.50 cedis per dollar at most forex locations. Interbank trading shows dollars selling at 10.27 cedis for purchases and 10.29 cedis for sales.

British pounds trade at 13.39 cedis when exchanging foreign currency for Ghana money. People converting cedis to pounds pay 14.48 cedis per British pound at exchange centers. The Bank of Ghana sets official pound rates at 13.86 cedis for institutional trading. European euros cost 11.27 cedis when people exchange them for local currency. Converting cedis to euros requires 12.24 cedis per European unit.

Money transfer services offer different rates for sending cash from overseas countries to Ghana. LemFi provides 10.11 cedis per dollar for transfers from America or Britain. Hurupay charges 10.21 cedis per dollar for similar international money transfers. Digital subscription services like Netflix and Spotify charge 11.02 cedis per dollar through Visa payment cards. Mastercard users pay 11.07 cedis per dollar for online entertainment subscriptions.