Source ghanamediatrend
Business News Ghana
Cedi Weakens Against Dollar as Bank of Ghana Releases Latest Exchange Rates for Friday, September 5, 2025
The Bank of Ghana has released daily exchange rates for Friday, September 5, 2025, the Bank of Ghana released the official exchange rates for the day, highlighting a significant decline in the value of the cedi against major international currencies.
The central bank shared the updated rates on its official Facebook page, based on trading activities from the close of business on Thursday, September 4, 2025.
According to the data, the U.S. dollar, British pound, and euro remain the top foreign currencies used in Ghana for trade, business transactions, and international payments.
These official rates are closely monitored by financial institutions, businesses, and individuals alike.
The exchange rate for the U.S. dollar saw banks buying at GH¢11.9440 and selling at GH¢11.9560.
Although the buying and selling rates have a narrow margin—reflecting bank profits—the higher dollar value remains a concern for many Ghanaians, especially those dealing with imports and overseas payments.
The British pound emerged as the most expensive among the major currencies, with banks buying at GH¢16.0456 and selling at GH¢16.0617.
This is particularly challenging for students in the UK and businesses engaging with British partners.
For the euro, the official buying rate was set at GH¢13.9043 and the selling rate at GH¢13.9170. Though still stronger than the dollar, the euro trails behind the pound in terms of value against the cedi.
These exchange rates have real-life implications for Ghanaians.
The cost of imported goods, overseas tuition fees, and various services are directly influenced by the strength of the cedi.
Many traders use the bank’s figures to adjust pricing, while banks rely on them for international financial operations.
The Bank of Ghana emphasized that these daily updates aim to enhance transparency and provide guidance to the public.
However, it also noted that rates at forex bureaux and money transfer operators may vary slightly due to market dynamics.
The latest figures underscore the continued struggle of the cedi to maintain its value against dominant global currencies, raising concerns over inflation and economic stability.
For more updates, kindly visit the Bank of Ghana’s official website at www.bog.gov.gh.
Check out the Daily Exchange Rate Released by Bank of Ghana on Friday, September 5, 2025
