Dollar to Cedi Exchange Rates for Dec. 16th, 2024
The foreign exchange market has come alive with the dollar-to-cedi exchange rates for December 16, 2024, making headlines.
At the time of filing this report, the exchange rate for the dollar to the cedi was pegged at a selling price of GHS 17.00, GHS15.78, and GHS 15.70 by Afriex, Visa, and Aboki, respectively.
While the Bank of Ghana’s interbank selling rate, based on the average interbank rates of December 13, 2024, stood at GHS 14.75, commercial banks are quoting rates higher than the BoG.
In the case of Stanbic Bank, the buying and selling prices quoted were GHS14.50 and GHS14.90, respectively.
Fidelity Bank’s rates were pegged at GHS 14.45 and GHS 14.90, respectively, while Access Bank quoted a buying price of GHS 14.52 and a selling price of GHS 14.87.
Online money transfer service providers such as WorldRemit, Remitly, Wise, Taptap Send, Sendwave, Western Union, and PayAngel quoted only their buying prices. This could indicate unstable and upward fluctuations in the selling prices for the dollar quoted by these service providers.
Forex bureaus continue to offer better dollar-to-cedi exchange rates for clients who want to transact in the market, with the lowest buying and selling prices being GHS15.20 and GHS15.70, respectively.
Binance which is a reliable P2P service providing is selling a dollar at GHS15.77 and buying at GHS15.81. A check for the exchange rate for today on Google shows an average rate of $1 going for GHS14.66.
Below are the full Dollar to Cedi Exchange Rates for Dec. 16th, 2024
You can also access reliable “Today’s Dollar to Cedi Exchange Rates” from Cedirate.com on a daily basis as well. Below are some of the best rates quoted by actors in the foreign exchange market for the day.
| Name | Buying | Selling |
|---|---|---|
| LemFi | 14.60 | – |
| Afriex | 14.70 | 17.00 |
| Visa | – | 15.78 |
| Mastercard | – | 15.78 |
| Binance P2P | 15.81 | 15.77 |
| Aboki | 15.20 | 15.70 |
| KuCoin P2P | 16.20 | 15.60 |
| CalBank | 14.40 | 15.05 |
| UBA | 14.55 | 15.03 |
| Ecobank | 14.30 | 15.00 |
| Standard Chartered | 14.45 | 14.99 |
| Absa Bank | 14.45 | 14.95 |
| GTBank | 14.50 | 14.95 |
| CBG Bank | 14.73 | 14.93 |
| Stanbic Bank | 14.50 | 14.90 |
| Fidelity Bank | 14.45 | 14.90 |
| Access Bank | 14.52 | 14.87 |
| GCB Bank | 14.50 | 14.85 |
| Zenith Bank | 14.60 | 14.85 |
| Bank of Ghana | 14.73 | 14.75 |
| WorldRemit | 14.62 | – |
| Remitly | 14.61 | – |
| Wise | 14.55 | – |
| Taptap Send | 14.60 | – |
| Sendwave | 14.59 | – |
| Western Union | 14.60 | – |
| PayAngel | 14.85 | – |
READ: Exchange Rates For UK: The Pound against major world currencies
Look out for all your Dollar to Cedi Exchange Ratesevery day on our site and keep yourself informed.
📊 Stakeholder Guidance & Contextual Analysis
As developments continue to unfold regarding Dollar to Cedi Exchange Rates for Dec. 16th, 2024, educational administrators, teachers, and candidates across Ghana are advised to follow established guidelines. Aligning school operations with official Ghana Education Service (GES) circulars and Ministry directives remains essential for institutional coherence and academic planning.
Key Directives for Schools and Educators:
- Administrative Alignment: School management and district directorates should cross-check official announcements before adjusting operational schedules.
- Stakeholder Transparency: Maintain active communication channels across Parent-Teacher Associations (PTAs), teaching staff, and student bodies.
- Continuous Oversight: Stay updated on supplementary directives issued by authorized public education authorities.
Frequently Asked Questions (FAQ)
Q: How does this update impact academic calendars and school operations?
A: School administrators are advised to incorporate official directives into current term plans while awaiting further formal clarifications. Refer to official channels for exact timelines.
Q: Where can educators verify authentic announcements?
A: Notices can be verified through official Ministry of Education releases, GES headquarters circulars, or accredited national education portals like GhanaEducation.org.
