Ghana cedi to dollar rate: Latest BoG exchange rates for Oct 12

• The dollar rose from GH¢11.7800 to GH¢11.7900.

• The pound increased by GH¢0.0385 to GH¢15.5970.

• The euro rose by GH¢0.0153 to GH¢13.1977, potentially raising the cost of euro payments.

The dollar’s average interbank rate rose from GH¢11.7800 to GH¢11.7900, an increase of GH¢0.0100. The movement means buyers of US dollars would need slightly more cedis to obtain the same amount of the currency, while importers paying in dollars could face a marginal increase in costs if the movement is reflected in their transaction rates.

The British pound recorded a larger increase, rising from GH¢15.5585 to GH¢15.5970. The GH¢0.0385 rise could increase the cedi cost of payments for goods and services priced in pounds, including imports and certain overseas expenses.

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The euro also appreciated against the cedi, with its average interbank rate increasing from GH¢13.1824 to GH¢13.1977. The GH¢0.0153 rise could slightly increase the cost of euro-denominated transactions for businesses and individuals.

Overall, the movements indicate a modest weakening of the cedi against the three major currencies over the period. If the trend persists, importers and businesses that rely on foreign goods or services could face higher costs, potentially putting pressure on prices.

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However, the actual impact on consumers will depend on how exchange-rate changes feed through to import costs, pricing decisions and retail markets.

The BoG figures represent average interbank rates used by commercial banks for transactions at the close of business. Rates offered to customers by individual banks and forex bureaux may differ.

Also Read: Ghana cedi to dollar rate: Latest BoG rates for October 2

BoG interbank exchange rates: