Cedi records modest decline against major currencies in latest BoG Data

The Ghana cedi posted a slight decline against the US dollar, British pound and euro during the trading week ending July 9, 2026, according to figures released by the Bank of Ghana.

The local currency experienced gradual depreciation throughout the week, with the most noticeable change occurring between July 7 and July 8.

Interbank exchange rate data showed that the US dollar’s buying rate climbed from GHS 11.3838 on July 6 to GHS 11.4343 by July 9, indicating that the cedi lost some value against the American currency over the period.

The British pound also gained ground against the cedi, with its buying rate rising from GHS 15.2042 at the start of the week to GHS 15.2796 at the close, making it the best-performing major foreign currency during the period.

Meanwhile, the euro registered minor fluctuations during the week but ultimately ended slightly stronger. Its buying rate edged up from GHS 13.0218 on July 6 to GHS 13.0339 on July 9.

Overall, market figures indicate that the cedi depreciated by approximately 0.44% against the US dollar, 0.50% against the British pound and 0.09% against the euro over the four-day trading window.

Although the local currency weakened against all three major currencies, the losses remained relatively small, with each depreciation staying below the one per cent mark.

Prince Antwi

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