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Business News Ghana
Cedi Falls Massively Against US Dollar As Bank of Ghana Releases Daily Exchange Rates for Tuesday, November 18, 2025
The Bank of Ghana has released its official daily exchange rates for Tuesday, November 18, 2025, reflecting the interbank rates used by commercial banks at the close of business on Monday, November 17, 2025.
According to the latest updates by the Bank of Ghana (BoG),The Ghanaian cedi has experienced a massive decline against major international currencies with modest spreads between buying and selling rates, especially the US Dollar.
The latest update below
Selected Foreign Exchange Rates (Inter-Bank Market)
| Currency | Code | Buy Rate (GHS) | Sell Rate (GHS)* |
|---|---|---|---|
| United States Dollar | USD | ≈ 10.9745 | — 10.9855 |
| Euro | EUR | ≈ 12.7285 | — 12.7411 |
| British Pound Sterling | GBP | ≈ 14.4545 | — 14.4701 |
This represents a significant depreciation of the local currency and marks a continuing trend of weakening that has affected the Ghanaian economy.
The sharp depreciation of the cedi has serious implications for the Ghanaian economy. Imported goods are becoming increasingly expensive for consumers and businesses. Fuel prices are expected to rise further, which will likely push up transportation costs across the country.
Ordinary Ghanaians are feeling the pressure as the cost of living continues to climb. Many households are struggling to afford basic necessities as prices surge. Businesses that rely on imported raw materials are also facing challenges in maintaining their operations.
Economic experts attribute the cedi's fall to several factors. These include persistent inflation, a widening trade deficit, and declining foreign exchange reserves. The high demand for dollars in the market has also put additional pressure on the local currency.
The Bank of Ghana has previously implemented various measures to stabilize the cedi. These include monetary policy adjustments and interventions in the foreign exchange market. However, the currency continues to face headwinds from both domestic and global economic conditions.
Economists are calling for comprehensive economic reforms to address the underlying challenges facing the cedi. They emphasize the need for increased export earnings, improved fiscal discipline, and measures to boost investor confidence in the Ghanaian economy.
Check out the Daily Exchange Rate Released by Bank of Ghana on Tuesday, November 18, 2025
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