Source Ghanamediatrend.com
Business News Ghana
Check Out: Bank of Ghana Releases Latest Exchange Rates for July 21, 2025
The Bank of Ghana has released its official interbank exchange rates for Monday, July 21, 2025, reflecting noticeable movements in the foreign currency market, particularly with the British pound and the euro appreciating against the Ghanaian cedi, while the US dollar remained relatively stable.
According to the Bank of Ghana updates, the buying rate for the US dollar stands at Gh¢10.4248, with a selling rate of Gh¢10.4352. These figures show minimal change from the previous rates, indicating a level of stability in the performance of the dollar against the cedi over recent days.
However, the British pound sterling experienced an upward shift. The buying rate for the pound is Gh¢14.0088, with the selling rate at Gh¢14.0239. This increase suggests growing demand for the pound or a relative strengthening of the currency in the global market, which may be influenced by economic updates from the United Kingdom, such as interest rate movements or GDP growth figures.
The euro also shown a marginal increase. The buying rate rose to Gh¢12.1415, while the selling rate is now Gh¢12.1535. The euro's steady climb can be attributed to improved investor confidence in the Eurozone, coupled with Ghana’s ongoing foreign exchange pressures.
As of Monday, July 21, 2025, the Ghanaian Cedi remains relatively stable around ₵10.44 to the US dollar.
The latest exchange rates represent the average interbank rates used by commercial banks for transactions and are based on data from the close of business on Friday, July 18, 2025.
The continuous fluctuations in foreign exchange rates highlight the importance of macroeconomic stability, foreign reserve management, and effective monetary policy. Analysts note that while the dollar remains steady, the gains in the pound and euro could affect import and export pricing, especially for businesses dependent on European markets.
The Bank of Ghana (BoG) has reaffirmed its commitment to monitoring exchange rate developments closely and implementing policies that support economic resilience. Stakeholders, including importers, exporters, investors, and financial institutions, are advised to stay informed about the daily exchange updates to make timely and strategic decisions.
