The Ghanaian cedi has depreciated against the US dollar in both the buying and selling rates, declining by 2 pesewas in buying value and by 4 pesewas in selling value.
The buying rate as at 10:00 am onWednesday, June 5, 2024, is GHS14.48, while the selling rate is also being offered at GHS15.07.
This is based on data provided by
Cedirates.com, a well-known Ghanaian website for currency and fuel updates.
The Cedi is trading at GHS14.14 on purchasing rate and GHS14.15 selling price at interbank rates against the US dollar.
In comparison to the rates on Tuesday, the British Pound Sterling has maintained value on the buying rate but has risen by 1 pesewa on the selling rate against the Cedi.
The buving and selling rates of the British’s Pound Sterling are, on average, GHS18.33 and GHS19.24, respectively.
The Euro has also maintained value on the buying rate but has risen by 1 pesewa on the selling rate against the cedi.
The purchasing and selling rates for the euro are GHS15.59 and GHS16.40, respectively.
The selling price of the pound sterling on the Bank of Ghana interbank market is GHS18.09, 2 pesewas increment from the previous rate.
The euro is currently selling at GHS15.39 on the interbank market, a 1 pesewa rise from the previous rate.
Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.60 and GHS14.90 respectively, for each dollar.
The two money transfer sites are offering buying and selling rates of GHS18.63 and
GHS18.43 for the British Pound, respectively.
The only one of the two that updated euro rates on Wednesday, Afriex, is selling
GHS16.05 for €1.
For those who will be renewing their Netflix, Spotify or Apple Music subscriptions through
Visa and Mastercard, both payment processors are offering a US dollar for GHS15.94 each.
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