The Ghana cedi bounced around against the dollar Wednesday as money changers watched rates shift throughout the day. Banks offered people 10.35 cedis when they wanted to buy dollars and charged 10.98 cedis when folks wanted to sell their greenbacks. Street-level forex bureaus demanded much higher prices from customers who needed foreign cash. Bureau operators asked for 12.30 cedis per dollar and paid out 12.70 cedis when people sold their American money back. The official Bank of Ghana set interbank trading at 10.33 cedis for buying and 10.34 cedis for selling.
British pounds cost even more as the cedi struggled against major world currencies during midweek trading. Forex bureaus wanted 13.96 cedis from anyone buying pounds and offered 14.90 cedis to people selling their British cash. The central bank pegged pound trading at 14.19 cedis on official markets between financial institutions. European euros also commanded premium prices at street-level money changing spots across the country. Bureau traders bought euros at 12.04 cedis and sold them for 12.81 cedis to ordinary Ghanaians.
Money transfer companies LemFi and Afriex both quoted 10.30 cedis per dollar for people receiving cash from America or Britain. LemFi offered 14.11 cedis per pound compared to Afriex at 14.12 cedis for the same British currency transfers. Afriex paid 12.13 cedis for each euro sent to Ghana through their service platform. LemFi customers received 12.09 cedis per euro on international money transfers from overseas family members. Digital payment services charged 11.13 cedis per dollar for Visa cards and 11.18 cedis for Mastercard users paying Netflix or Spotify subscriptions.
British pounds cost even more as the cedi struggled against major world currencies during midweek trading. Forex bureaus wanted 13.96 cedis from anyone buying pounds and offered 14.90 cedis to people selling their British cash. The central bank pegged pound trading at 14.19 cedis on official markets between financial institutions. European euros also commanded premium prices at street-level money changing spots across the country. Bureau traders bought euros at 12.04 cedis and sold them for 12.81 cedis to ordinary Ghanaians.
Money transfer companies LemFi and Afriex both quoted 10.30 cedis per dollar for people receiving cash from America or Britain. LemFi offered 14.11 cedis per pound compared to Afriex at 14.12 cedis for the same British currency transfers. Afriex paid 12.13 cedis for each euro sent to Ghana through their service platform. LemFi customers received 12.09 cedis per euro on international money transfers from overseas family members. Digital payment services charged 11.13 cedis per dollar for Visa cards and 11.18 cedis for Mastercard users paying Netflix or Spotify subscriptions.
