The Bank of Ghana has released Exchange Rates for November with specific reference to November 2nd, 2022. The exchange rates for the three major trading currencies (Dollar Pounds and the Euro) went up against the ever-depreciating Ghana cedi. By the end of October, the Cedi to Dollar exchange rate had crossed the GHS15.00 mark.
In a post sighted by Ghana Education News, the Bank of Ghana indicated that The rates made available on 3rd November were the average interbank rates used by commercial banks for transactions as of the close of business on Wednesday, 2nd November 222.
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Per the Bank of Ghana, $1 is worth GHS13.0029 when you are buying and Ghs13.0159 when selling. This means if you need Dollars, to exchange for your cedis, you will get $1 at Ghs13.0159 but if you have a dollar and want to change it into cedi, you will get a cedi equivalent of GHS13.0029 per dollar.
The Pound is buying at 1 pound at GHS14.9026 and selling at GHS14.9188 whiles the Euro is buying at GHS12.8338 and selling at GHS12.8467.
Have you checked the Monday, November 7th Exchange rate projections? If not, Check HERE
The full table of exchange rates: Bank of Ghana Exchange Rates
Written by Ghana Education News Editorial Staff
The Ghana Education News Editorial Staff is comprised of seasoned education consultants, policy analysts, and verified journalists dedicated to providing accurate, timely, and credible updates on the Ghanaian GES curriculum, WAEC updates, and academic leadership.
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