The Ghana cedi traded at approximately GH¢11.70 to the US dollar on Thursday, October 1, 2026, according to exchange rate data published by the Bank of Ghana (BoG), providing an official reference for businesses, importers, exporters and individuals dealing in foreign currencies. Editorial Ethics & Independence
The central bank’s published rates showed the cedi buying at GH¢11.7041 to the dollar and selling at GH¢11.7159.
The corresponding mid-rate was GH¢11.7100, reflecting the weighted median exchange rate used as the reference rate for interbank foreign exchange transactions.
The figures represent the Bank of Ghana’s rates for September 30, published as the latest available reference data for Thursday.
They offer an indication of the prevailing exchange rate in the interbank market, although rates offered by individual commercial banks and foreign exchange bureaus may differ.
The cedi’s performance against the dollar remains an important economic indicator because Ghana depends on foreign currency to finance imports, service external obligations and facilitate international trade.
Pound and euro exchange rates
The Bank of Ghana’s published figures also showed the exchange rates for the British pound and the euro, two other major currencies used in Ghana’s international transactions.
The pound sterling was buying at GH¢15.5220 and selling at GH¢15.5376, giving it a mid-rate of GH¢15.5298. Corrections Policy
Meanwhile, the euro was buying at GH¢13.2724 and selling at GH¢13.2845, with a mid-rate of GH¢13.2785.
These rates are relevant to businesses and individuals who make payments to the United Kingdom and countries within the euro area.
They also matter to students paying overseas tuition, families sending money abroad, companies importing goods and organizations with foreign-currency obligations.
Exchange rate movements can influence the amount of cedis required to settle international payments.
When a foreign currency becomes more expensive in cedi terms, importers and individuals making payments in that currency may need more local currency to complete the same transaction.
Conversely, a stronger cedi can reduce the local-currency cost of foreign payments, provided the change is reflected in the rates offered by financial institutions and currency dealers.
Why the cedi-dollar rate matters
The dollar remains particularly important to Ghana’s economy because many internationally traded commodities, including crude oil, are priced in US dollars.
Consequently, movements in the cedi-dollar exchange rate can affect the cost of imported fuel, machinery, pharmaceutical products, electronics and industrial raw materials.
For businesses that depend heavily on imported goods, exchange rate changes can influence operating expenses, pricing decisions and profit margins. Editorial Standards
Companies may pass some of these additional costs on to consumers, depending on market conditions and their ability to absorb higher expenses.
The exchange rate also affects the value of remittances received from Ghanaians living abroad. When recipients convert dollar-denominated transfers into cedis, the applicable exchange rate determines how much local currency they receive.
However, the effect of currency movements on prices is not automatic. Other factors, including international commodity prices, transportation costs, taxes, domestic production expenses and competition, can also influence the final prices paid by consumers.
Understanding the Bank of Ghana’s reference rate
The Bank of Ghana publishes daily interbank foreign exchange rates to provide a reference point for currency transactions.
According to the central bank, commercial banks submit information on qualifying spot US dollar-to-cedi transactions concluded during the reporting day.
The submissions cover interbank transactions and eligible transactions with clients valued at US$10,000 or more.
The information is used to calculate the weighted median exchange rate, which is published as the closing reference rate for that day’s transactions.
The buying rate indicates the price at which a financial institution buys a foreign currency, while the selling rate represents the price at which it sells that currency. Privacy Policy & Terms
The difference between the two rates is commonly known as the spread.
Customers should therefore avoid assuming that the Bank of Ghana’s published rate is the exact rate they will receive at every bank or forex bureau.
Actual customer rates may vary according to the institution, transaction size, fees and prevailing market conditions.
What to watch in the coming days
The cedi’s performance in the coming days will remain an important consideration for businesses and households that depend on foreign exchange.
Market participants will continue monitoring the supply of foreign currency, demand from importers and other businesses, developments in international commodity markets and the Bank of Ghana’s broader monetary and foreign exchange policies. Newscard
The central bank’s foreign exchange reference rates provide a useful benchmark for assessing movements in the market, but a single day’s figures do not establish a longer-term trend.
For importers, exporters and individuals planning foreign-currency transactions, comparing rates offered by authorized financial institutions can help determine the actual cost of a transaction.
As the new month begins, the published rates provide a snapshot of the cedi’s position against major international currencies.
The direction of the exchange rate in the coming sessions will depend on market conditions and the balance between foreign currency supply and demand.