The Ghanaian cedi experienced a modest depreciation against the US dollar on June 26, 2025, exhibiting varied exchange rates across different market segments. Cedirates.com, a trusted source for currency and fuel rate information in Ghana, reported average bureau rates of GHS12.30 for buying and GHS12.70 for selling the US dollar. This indicates a slightly weaker cedi compared to the official interbank rates published by the Bank of Ghana, which stood at GHS10.31 for buying and GHS10.33 for selling. The disparity between bureau rates and interbank rates reflects the dynamics of supply and demand at the retail level, where forex bureaus cater to individual and smaller business transactions.
The cedi’s performance against other major currencies followed a similar pattern. Against the British pound, forex bureaus offered average rates of GHS13.88 for buying and GHS14.74 for selling, while the Bank of Ghana’s interbank rate was GHS14.07. Similarly, the euro traded at GHS11.96 for buying and GHS12.70 for selling at forex bureaus, compared to the GHS12.00 interbank rate. These figures suggest that individuals and businesses purchasing foreign currencies through forex bureaus faced slightly higher costs compared to transactions conducted through the official interbank market. This premium at the bureau level is influenced by factors such as operating costs, market fluctuations, and the spread maintained by these exchange providers.
Money transfer operators, a significant segment of the foreign exchange market, presented competitive rates for remittances from the US and UK to Ghana. LemFi offered a US dollar rate of GHS10.25, while Hurupay offered GHS10.28. These rates are marginally more favorable compared to the average bureau rates, highlighting the competitive landscape within the remittance market and the potential cost savings for individuals using these specialized services. For remittances in British pounds, LemFi offered a rate of GHS14.00, while Afriex quoted GHS15.96, demonstrating a notable difference in exchange rates between these providers. This variance underscores the importance of comparing rates across different money transfer operators to secure the most advantageous exchange rate for remittances.
The euro exchange rates offered by money transfer operators also showcased some divergence. Afriex quoted a rate of GHS13.64 per euro, while LemFi offered GHS11.91. The disparity in these rates might stem from various factors including transaction fees, processing costs, and market volatility. Consumers are advised to carefully consider the overall cost, including any associated fees, when selecting a money transfer operator.
For digital subscriptions to services like Netflix, Spotify, and Apple Music, payments using Visa cards incurred an exchange rate of GHS11.13, whereas Mastercard transactions utilized a rate of GHS11.07. This slight difference in exchange rates for card payments could be attributed to the varying fees and agreements that these card networks have with financial institutions. While the difference is marginal, users making frequent digital subscription payments might benefit from opting for the card network offering a slightly more favorable exchange rate.
In summary, the Ghanaian cedi’s performance against major currencies on June 26, 2025, presented a nuanced picture, with varying exchange rates observable across different market segments. The official interbank rates provided a benchmark, while bureau rates reflected the dynamics of the retail forex market. Money transfer operators offered competitive rates for remittances, but discrepancies existed between providers. Finally, even within digital subscription payments, minor rate variations were observed between Visa and Mastercard transactions. This complex exchange rate landscape underlines the importance of staying informed and comparing rates across different avenues to optimize currency exchange transactions. Careful consideration of the applicable rates and any associated fees is crucial for individuals and businesses seeking to minimize costs and secure the best possible value in their foreign exchange dealings.
