Source ghanamediatrend
Business News Ghana
Latest Update: Cedi falls massively against the dollar as the Bank of Ghana releases exchange rates on Friday, October 3, 2025.
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The Bank of Ghana has released the daily exchange rates for Friday, October 3 2025. The figures show that the Ghana cedi has weakened further against the United States dollar and other major international currencies.
These rates represent the average interbank figures used by commercial banks at the close of business on Thursday, October 2, 2025.
The Ghana Cedi is now trading at a buying rate of GH₵12.5437 to the dollar and a selling rate of GH₵12.5563. This reflects the continuous pressure on the local currency, as businesses and individuals demand more dollars for trade and financial transactions. Analysts believe this situation could increase the cost of imports and place additional pressure on the prices of goods and services.
The British pound sterling also recorded gains over the cedi. It is trading at a buying rate of GH₵16.8287 and a selling rate of GH₵16.8468. The pound has remained strong against the cedi in recent weeks, reflecting its global performance and Ghana’s heavy reliance on imports from the United Kingdom.
The euro also edged up against the cedi, with a buying rate of GH₵14.6745 and a selling rate of GH₵14.6889. This trend highlights the continued weakness of the local currency on the international market.
The Bank of Ghana has reminded the public that these figures are interbank rates. This means the actual rates at commercial banks, forex bureaus, and other financial institutions may differ slightly depending on supply and demand.
The fall of the cedi continues to trigger concerns among businesses, importers, and ordinary citizens. Many fear that further depreciation could worsen inflation and reduce the purchasing power of households across the country.
Check out the Daily Exchange Rate Released by Bank of Ghana on Friday, October 3, 2025
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