Cedi Shocks Dollar Traders by Standing Firm

The Ghana cedi held steady against the US dollar on Tuesday with banks buying at 9.97 cedis and selling at 10.79 cedis. Forex bureaus across the country charge 10.90 cedis when people exchange dollars for local money. Customers converting cedis to dollars pay 11.60 cedis at these same exchange points. Cedirates.com tracks these daily currency movements for Ghanaian traders. Interbank trading shows dollars moving between 10.24 and 10.26 cedis during business hours.

British pounds cost 13.41 cedis at most currency exchange locations around Ghana. People selling cedis for pounds receive 14.50 cedis per pound from these bureaus. European euros trade for 11.31 cedis when customers buy local currency. Converting cedis to euros requires 12.29 cedis per euro at current market rates. Bank of Ghana official rates show pounds at 13.90 cedis and euros at 11.73 cedis for institutional trading.

Money transfer companies offer competitive rates for overseas transactions to Ghana. LemFi charges 10.10 cedis per dollar for transfers from America or Britain. Hurupay provides similar services at 10.23 cedis per dollar for international customers. Digital payments through Visa cards cost 11.02 cedis per dollar for streaming services. Mastercard users pay 11.00 cedis per dollar for online subscription payments.