Cedi Weakens Against US Dollar as Bank of Ghana Releases New Exchange Rate for Monday, October 6, 2025

                   Source    ghanamediatrend 

 Business News      Ghana 

Cedi Weakens Against US Dollar as Bank of Ghana Releases New Exchange Rate for Monday, October 6, 2025

The Ghanaian cedi has experienced a further decline against the US dollar and other major international currencies as the Bank of Ghana (BoG) released its latest exchange rate figures for today, Monday, October 6, 2025.

These rates represent the average interbank figures used by commercial banks at the close of business on Friday, October 3, 2025.

According to the central bank’s official rates, the cedi continues to face downward pressure, reflecting ongoing challenges in the foreign exchange market.

The figure released by Bank of Ghana, the Cedi is now trading at buying rate of GH¢12.5437 to the dollar and a selling rate of GH¢12.5563. This means that, compared to the previous rate, the value of the cedi against the dollar has remained almost the same. Even though the change is minimal, the cedi continues to struggle to make any meaningful recovery.

The British pound sterling, however, recorded slight increase over the cedi. It is trading at a buying rate of GH¢16.9089 and a selling rate of GH¢16.9271. This small rise shows that the pound remains strong on the exchange market, making it one of the most expensive foreign currencies traded in Ghana.

against the cedi, with a buying rate of GH₵14.6745 and a selling rate of GH₵14.6889. 

Similarly, the Euro against the cedi, with a buying rate of GH¢14.7329 and a selling rate of GH¢14.7462. This also reflects a minor increase compared to last week’s rate, signaling a continuous weakening of the cedi against the euro.

Market analysts attribute the depreciation to sustained demand for the US dollar by importers, coupled with limited foreign exchange inflows. Despite recent interventions by the BoG to stabilize the currency, the cedi’s value remains under strain amid global economic uncertainties and domestic fiscal pressures.

The Bank of Ghana has, however, reiterated its commitment to maintaining stability in the forex market through strategic monetary policies and continuous monitoring of exchange rate developments.

The new exchange rate serves as a reminder of the need for strong fiscal discipline, improved export performance, and investor confidence to help strengthen the local currency in the coming weeks.

Check out the Daily Exchange Rate Released by Bank of Ghana on Monday, October 6, 2025