Cedi buys at 10.94 to a Dollar, sells at 10.95 on Monday per BoG rate

The Ghana cedi began the first week of February 2026 trading at GH¢10.95 to the US dollar on the Bank of Ghana’s interbank foreign exchange market.

Data released by the central bank on Monday, February 2, 2026, showed the US dollar with a buying rate of GH¢10.94 and a selling rate of GH¢10.95, reflecting a narrow spread on the official market.

Other major currencies recorded modest movements. The euro was quoted at GH¢13.00 for buying and GH¢13.01 for selling, while the pound sterling traded at GH¢15.01 and GH¢15.03, respectively.

However, rates at forex bureaus remained significantly higher, highlighting continued pressure on the local currency. The US dollar was being bought at GH¢11.40 and sold at GH¢11.80, a far wider margin than the Bank of Ghana’s interbank rates.

The euro traded between GH¢13.30 and GH¢14.20 at bureaus, while the pound sterling ranged from GH¢15.40 to GH¢16.30.

The elevated bureau rates reflect strong demand for foreign currency amid constrained supply—a trend often seen at the start of a new financial year as businesses ramp up import-related transactions.

The Bank of Ghana is expected to continue market interventions in the coming months to curb excessive volatility and stabilise the cedi.

Market participants will also be watching upcoming monetary policy decisions and external inflows for signals on the near-term outlook for the local currency.

Exchange Rates:

Bank of Ghana interbank market rates:

- Dollar: Buying at GH¢10.94, Selling at GH¢10.95

- Pound: Buying at GH¢15.01, Selling at GH¢15.03

- Euro: Buying at GH¢13.00, Selling at GH¢13.01

Forex bureau rates:

- Dollar: Buying at GH¢11.75, Selling at GH¢12.10

- Pound: Buying at GH¢15.40, Selling at GH¢16.30

- Euro: Buying at GH¢13.40, Selling at GH¢14.30