Source ghanamediatrend
Business News Ghana
Latest Update: Cedi Weakens Against Dollar as Bank of Ghana Releases Daily Exchange Rates for Thursday, September 4, 2025
The Bank of Ghana has released daily exchange rates for Thursday, September 4, 2025, showing slight adjustments in the performance of the cedi against major international currencies.
According to the central bank's official rates, the cedi traded at Gh¢11.8941 buying and Gh¢11.9060 selling against the US dollar, representing continued pressure on Ghana's local currency. The dollar's strength reflects ongoing challenges in the domestic economy and foreign exchange market dynamics.
The British pound sterling showed even more pronounced gains against the cedi, with rates hitting Gh¢15.9892 for buying and Gh¢16.0064 for selling. This represents substantial appreciation for the pound, highlighting the cedi's vulnerability against major reserve currencies.
Similarly, the euro maintained its strong position, trading at Gh¢13.8879 buying and Gh¢13.9016 selling rates. The consistent weakness across all major currency pairs indicates broad-based pressure on the cedi rather than isolated currency-specific movements.
These rates, which reflect average interbank rates used by commercial banks on Wednesday, September 3, 2025, close of business, underscore the persistent foreign exchange challenges facing Ghana's economy. The cedi's depreciation has significant implications for import costs, inflation management, and overall economic stability.
Market analysts attribute the continued weakness to various factors including trade imbalances, foreign exchange demand pressures, and global economic uncertainties. The Bank of Ghana's monetary policy committee continues to monitor these developments closely as part of its mandate to maintain price stability.
Businesses and consumers are advised to factor in exchange rate volatility when making financial decisions, particularly those involving foreign currency transactions or imports.
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 Thursday, September 4, 2025
