The Ghana cedi began trading in the first week of February 2026 at GH¢10.97 to the US dollar on the Bank of Ghana’s interbank foreign exchange market.

Data released by the central bank on Thursday, February 5, 2026, showed the US dollar quoted at a buying rate of GH¢10.96 and a selling rate of GH¢10.97, indicating a relatively tight spread on the official market.

Other major international currencies recorded marginal movements. The euro traded at GH¢12.94 for buying and GH¢12.95 for selling, while the pound sterling was quoted at GH¢14.98 on the buying side and GH¢15.00 on the selling side.

In contrast, exchange rates at forex bureaus remained significantly higher, highlighting persistent pressure on the local currency. The US dollar was being bought at GH¢11.50 and sold at GH¢11.90 at the bureaus, reflecting a much wider margin compared to interbank rates.

The euro exchanged hands between GH¢13.30 and GH¢14.20 at the bureaus, while the pound sterling traded within the range of GH¢15.40 to GH¢16.30.

Analysts say the elevated bureau rates suggest strong demand for foreign currency amid limited supply—a trend often seen at the start of a new financial year, when businesses increase import-related transactions.

Meanwhile, the Bank of Ghana is expected to continue its market interventions in the coming months to contain volatility and support the stability of the cedi.

Market watchers will also be paying close attention to upcoming monetary policy decisions and external inflows for indications of the near-term direction of the local currency.

Exchange Rates:

Bank of Ghana interbank market rates:

- Dollar: Buying at GH¢10.96, Selling at GH¢10.97

- Pound: Buying at GH¢14.98, Selling at GH¢15.00

- Euro: Buying at GH¢12.94, Selling at GH¢12.95

Forex bureau rates:

- Dollar: Buying at GH¢11.50, Selling at GH¢11.90

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

- Euro: Buying at GH¢13.30, Selling at GH¢14.20