The Ghanaian cedi has recorded a decline against the United States dollar, with the dollar’s selling rate reaching GH¢11.12 on the interbank market as of August 24, 2026.
Data from the Bank of Ghana show that the cedi depreciated by approximately 1.55% against the US dollar between August 17 and August 24. During the period, the dollar’s buying rate increased from GH¢10.94 to GH¢11.11, while the selling rate rose from GH¢10.95 to GH¢11.12.
The latest movement means the US dollar has crossed the GH¢11 mark, reversing some of the cedi’s earlier gains. The development comes amid renewed pressure on Ghana’s foreign exchange market, with demand for US dollars contributing to the recent weakening of the local currency.
The cedi also weakened against other major international currencies during the same period. The buying rate for the British pound increased from GH¢14.83 to GH¢15.16, while the euro’s buying rate moved from GH¢12.67 to GH¢12.98.
The movement of the cedi against major currencies remains closely watched because changes in the exchange rate can affect the cost of imported goods, businesses that rely on foreign currency and consumers who make dollar-related payments.
