The Ghana cedi weakened against the U.S. dollar, British pound, and euro over a five-day trading period ending July 17, 2026, according to Bank of Ghana data, with the pound posting the strongest gains amid sustained demand for foreign currency.
The Ghana cedi recorded a marginal depreciation against the U.S. dollar, British pound sterling, and euro over the five-day trading period ending July 17, 2026, according to the Bank of Ghana daily interbank exchange rate data.
Currency Movements and Market Volatility
The U.S. dollar buying rate rose from GH¢11.47 on July 13 to GH¢11.54 on July 17, while the selling rate increased from GH¢11.49 to GH¢11.55, representing a 0.59 per cent appreciation of the dollar against the cedi over the period. The euro also strengthened, with its buying rate climbing from GH¢13.12 to GH¢13.19 and the selling rate rising from GH¢13.13 to GH¢13.21. The British pound sterling emerged as the strongest-performing major currency, appreciating by approximately 0.95 per cent against the cedi, with its buying rate moving from GH¢15.39 to GH¢15.54 and the selling rate rising from GH¢15.41 to GH¢15.56. Market data indicated the pound experienced the highest volatility during the week, recording a sharp increase on July 16 before moderating slightly on July 17.
The cedi’s depreciation against the three major currencies was gradual and orderly, with the dollar maintaining a consistent upward trajectory throughout the week, posting gains on each trading day. GNA noted that the sustained demand for the American currency in the foreign exchange market drove the trend.
Interbank Rates and Regional Trade Indicators
The Bank of Ghana’s latest interbank foreign exchange rates, published on July 20, 2026, showed the cedi maintaining a steady position against primary global currencies at the start of the weekly trading window. The US Dollar was pegged at a mid-rate of GH¢11.55, with the British Pound Sterling trading at a mid-rate of GH¢15.52 and the Euro at GH¢13.21.
For cross-border merchants in the West African region, the cedi traded at a mid-rate benchmark of GH¢119.00 against the Nigerian Naira and a specialized cross-border benchmark of GH¢49.6495 for the CFA Franc.
Central Bank Interventions and Market Stability
Despite the cedi’s gradual depreciation, the foreign exchange market remained stable, with no significant disruptions reported.
Implications for Businesses and Investors
Looking Ahead: What Comes Next
Sources: GhanaWeb.
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