The Bank of Ghana Exchange Rates and those of Cedi Rates have been released for trading today 16 Nov 2022.
While the Cedi Rates released its rates based on the open market at 8:40 am today, the BoG made the interbank rates public at exactly 8:50 AM.
The rates quoted by the BoG are interbank rates. The interbank rate or interbank exchange rate is a financial concept used to express foreign exchange rates, which are paid by banks when they conduct currency trading with other banks. Interbank, or “between banks,” is when a bank pursues business with another bank. The banks do not sell or buy foreign currency at these rates when dealing with buyers and sellers (customers) who are not financial institutions. However, note that these rates quoted by BoG are only the average rates.
Exchange Rates from Cedi Rates are as follows.
1 USD ➔ ₵ 14.59
1 GBP ➔ ₵ 17.31
1 EUR ➔ ₵ 15.16
₿ 1 BTC ➔ ₵ 244,292
The rates are the selling rates for the major trading currencies at the start of business this morning.
On the other hand, the Bank of Ghana Exchange Rates are
1 USD ➔ ₵ 13.08
1 GBP ➔ ₵ 15.55
1 EUR ➔ ₵ 13.56
The difference between the BoG rates and that of Cedi Rates are as follows
USD ➔ ₵1.51
1 GBP ➔ ₵ 1.76
1 EUR ➔ ₵ 1.60
The Ghana Education News Editorial Team is a specialized collective of education researchers, journalists, and policy analysts dedicated to providing high-fidelity reporting on the Ghanaian academic landscape. Serving as a primary bridge between governing bodies—including the Ghana Education Service (GES) and WAEC—and the public, the team leverages over a decade of combined experience to serve students, parents, and educators nationwide.
Lead Architect & Editor-in-Chief
The team is led by Wisdom Kojo Eli Hammond, a distinguished Ghanaian Edu-Tech Entrepreneur, AI Solutions Developer, and Product Architect with over 25 years of cross-disciplinary experience in education, finance, and digital media. Wisdom is the visionary force behind SkulManager, Ghana’s premier school management ecosystem, and the Lead Consultant at Education-News Consult.
A self-taught innovator, professional Web Designer, and regular columnist on GhanaWeb, Wisdom engineered SkulManager.com as the only platform strictly tailored to the GES Curriculum. His technical leadership has redefined educational assessment through a Hybrid Marking Ecosystem, pioneering the BECE and WASSCE Home Mock services—a unique fusion of WAEC-trained human examiners and advanced AI marking engines operational since 2022.
Wisdom’s 360-degree view of institutional challenges is grounded in his tenure as College President and Lecturer at Pinnacle College (Achimota), as well as his background as a school administrator and accountant. He is a dedicated lifelong learner currently advancing his studies at the Accra Institute of Technology (AIT), with academic ties to the University of Professional Studies, Accra (UPSA).
An accomplished author, his works include Returnees of the Dead Forest (UK Published), Simplified Beacon of Light (850+ Q&A), and The Leader in Me. A foundational pillar of the award-winning NGO Human Rights Reporters Ghana (HRRG), Wisdom is committed to building intelligent systems that solve societal problems and prepare the next generation of Ghanaian students for a digital future.
Contact: 0550360658 | Portals: GhanaEducation.org, GhanaEducationNews.org, SkulManager.com, BECEPrep.com. Educationnewsconsult.com etc