Cedi Takes a Dip Against Dollar

Ghana's cedi lost some strength against the US dollar after weeks of gains. The currency trades at 9.96 cedis when buying dollars and 10.79 cedis when selling dollars on Saturday. Forex bureaus charge 10.70 cedis for people who want to exchange dollars for local money. Those converting cedis to dollars pay 11.50 cedis per dollar at exchange shops. Cedirates.com provides these currency figures for Ghana.

Banks trade dollars at 10.27 cedis for purchases and 10.29 cedis for sales between financial institutions. British pounds cost 13.38 cedis when people exchange foreign money for local currency. Converting cedis to pounds requires 14.51 cedis per British pound at most locations. The Bank of Ghana sets interbank pound rates at 13.86 cedis for official transactions. Euros trade at 11.24 cedis when exchanging European money for Ghana's currency.

Money transfer companies offer different rates for sending cash from overseas to Ghana. LemFi charges 10.11 cedis per dollar for transfers from America or Britain. Hurupay provides slightly better rates at 9.84 cedis per dollar for similar transfers. Digital payment services like Netflix and Spotify charge 11.02 cedis per dollar through Visa cards. Mastercard users pay 11.07 cedis per dollar for online subscription services.
 

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