Source Ghanamediatrend
Business News Ghana
Cedi Depreciates as Bank of Ghana Releases Daily Exchange Rates for Monday, 18th August 2025
The Ghanaian cedi has recorded a fresh decline as the Bank of Ghana released its daily exchange rates for Monday, August 18, 2025. The figures show that the local currency continues to face pressure against major international currencies, reflecting persistent challenges in the forex market.
According to the Central Bank, the cedi depreciated further against the US dollar, British pound, and the euro. Market analysts attribute the weakening performance to increased demand for foreign exchange, import-driven pressures, and limited inflows of foreign reserves.
However, the statement indicated that the US Dollar (USD) is currently being bought at Gh¢10.6447 and sold at Gh¢10.6553. This slight difference between buying and selling rates indicates a stable trend in the currency’s value against the Ghanaian Cedi.
For the British Pound Sterling (GBP), banks are buying at Gh¢14.4374 and selling at Gh¢14.4529, reflecting a relatively small margin for currency exchange transactions. Meanwhile, the Euro (EUR) can be purchased at Gh¢12.4611 and sold at Gh¢12.4744.
As of Monday, August 18, 2025, the Ghanaian Cedi is Gh¢10.83 to the US dollar is higher as compared to the previous update "Gh¢10.51".
The Bank of Ghana clarified that these figures represent the average interbank rates used by commercial banks for transactions at the close of business on Friday, August 15, 2025. Such rates are critical for businesses, importers, exporters, and travelers, as they influence pricing, trade, and foreign exchange planning.
This latest dip has heightened concerns among businesses and traders who rely heavily on imports, as the cost of goods and services is expected to rise. The development also poses potential inflationary risks, which could affect the purchasing power of ordinary Ghanaians.
The Bank of Ghana has, however, reiterated its commitment to implementing policy measures aimed at stabilizing the cedi. Economists are calling for strengthened export strategies and prudent fiscal management to help reduce the economy’s reliance on imports and foreign currency volatility.
The situation remains a major point of focus for both policymakers and market participants as the cedi’s performance continues to shape Ghana’s economic outlook.
Check out the Daily Exchange Rate Released by Bank of Ghana on Monday, August 18, 2025
