BoG exchange rates out, but lower than 1USD ➔ ₵14.15 rate on the market today

BoG exchange rates are out, but lower than 1 USD ➔ ₵ 14.15 rate on the market today.

The Bank of Ghana Exchange Rates for Wednesday 9th November 2022 however all indications show that the Cedi has begun to depreciate further. The BoG rates have remained low and unrealistic compared to the prevailing exchange rates on the FX market.

While rates quoted by  ₵edi Rates are

1 USD ➔ ₵ 14.15

1 GBP ➔ ₵ 16.33

1 EUR ➔ ₵ 14.25

₿ 1 BTC ➔ ₵ 260,242

BoG is 1 USD ➔ ₵ 13.03 for buying, the selling rate is 1 USD ➔ ₵ 14.04

1 GBP ➔ ₵ 15.08 for buying, the selling rate is 1 GBP ➔ ₵ 15.10

1 EUR ➔ ₵ 13.13 for buying, and the selling rate is 1 EUR ➔ ₵ 13.15

The BoG rates are based on the average interbank rates used by commercial banks for transactions at the close of the business, Tuesday, 8th November 2022.

READ: BoG Foreign Exchange Rates Released for Wednesday, November 9th 2022

The Bank of Ghana rates are lower than those quoted by ₵edi Rates. The Exchange rates by ₵edi Rates are more accurate and give a better picture of the prevailing market rates.

BoG exchange rates out, but lower than 1USD ➔ ₵ 14.15 rate on the market today