Source Ghanamediatrend.com
Business News Ghana
Ghana Cedi Falls Massively Against the Dollar as Bank of Ghana Releases Daily Exchange Rates for Tuesday, July 8, 2025
The Bank of Ghana has published the official exchange rates for Tuesday, July 8, 2025, and the Ghanaian cedi has recorded another drop in value against the US dollar.
According to the new figures published by the Bank of Ghana (BoG), the US dollar is being bought at GHS 10.3448 and sold at GHS 10.3552. This shows a significant increase compared to Monday’s rates, where the dollar was being bought at GHS 10.3148 and sold at GHS 10.3252. This shows that the cedi has weakened by over 3 pesewas in just 24 hours.
The exchange rates are based on the average interbank trading figures from commercial banks at the close of business on Monday, July 7, 2025.
However, other major foreign currencies, the changes were smaller. The British pound is now being bought at GHS 14.0783 and sold at GHS 14.0934. This is slightly lower than Monday’s rates, where the buying rate was GHS 14.0798 and the selling rate was GHS 14.0959.
The euro has also seen a small dip. It is now being bought at GHS 12.1135 and sold at GHS 12.1244, compared to Monday’s buying rate of GHS 12.1200 and selling rate of GHS 12.1318.
As of Monday, July 8, 2025, the Ghanaian Cedi remains relatively stable around ₵10.42 to the US dollar.
These changes in the exchange rates are crucial for businesses, importers, exporters, and individuals who rely on foreign currencies for transactions.
The rise in the dollar exchange rate means more cedis are needed to buy the same amount of dollars, which could lead to higher prices for imported goods and services.
The Bank of Ghana continues to monitor the foreign exchange market and urges the public to refer to trusted sources such as the central bank’s website and licensed forex bureaus for up-to-date exchange rates.
These exchange rates represent average interbank rates used by commercial banks as of the close of business on Friday, July 7, 2025.
Check Out Official Exchange Rates (as of June 7, 2025) Below:
