As of January 12, 2023, $1 US dollar was selling for 12.86 Ghanaian cedis, according to Visa. However, the exchange rate can vary depending on the platform you use to exchange your currency.
READ: Make payment of nursing trainee allowances obligatory for every government – Nurse-Midwife Trainees
Dollar to Cedi Exchange Rates for January 12, 2023
Here is a breakdown of the dollar-to-cedi exchange rates from some popular platforms provided by Cedirates
| Platform | Type | Buying Rate | Selling Rate | Mid-Rate |
|---|---|---|---|---|
| Binance P2P | Crypto Exchange | 12.42 | 12.43 | 12.42 |
| CediConvert | Crypto Exchange | 12.28 | 12.48 | 12.38 |
| GAFORB | Forex Bureau | 12.10 | 12.35 | 12.22 |
| AfriSwap | Forex Bureau | 12.10 | 12.35 | 12.22 |
| WeWire Africa | Fintech | 12.03 | 12.32 | 12.17 |
| Bank Of Ghana | Central Bank | 11.88 | 11.89 | 11.89 |
| Wise | Money Transfer | 11.88 | – | – |
| CBG Bank | Commercial Bank | 11.85 | 12.25 | 12.05 |
| Western Union | Money Transfer | 11.84 | – | – |
| GCB Bank | Commercial Bank | 11.80 | 12.10 | 11.95 |
| Revolut | Money Transfer | 11.78 | – | – |
| Zenith Bank | Commercial Bank | 11.78 | 12.14 | 11.96 |
| GTBank | Commercial Bank | 11.78 | 12.12 | 11.95 |
| Ecobank | Commercial Bank | 11.70 | 12.00 | 11.85 |
| Stanbic Bank | Commercial Bank | 11.65 | 12.15 | 11.90 |
| Fidelity Bank | Commercial Bank | 11.65 | 12.12 | 11.88 |
| Access Bank | Commercial Bank | 11.65 | 12.00 | 11.82 |
| Absa Bank | Commercial Bank | 11.62 | 12.15 | 11.88 |
| CalBank | Commercial Bank | 11.60 | 12.15 | 11.87 |
| UBA | Commercial Bank | 11.55 | 12.09 | 11.82 |
| Standard Chartered | Commercial Bank | 11.45 | 12.06 | 11.75 |
| Remitly | Money Transfer | 11.41 | – | – |
| Sendwave | Money Transfer | 11.41 | – | – |
| WorldRemit | Money Transfer | 11.38 | – | – |
| Visa | Payment Processor | – | 12.86 | – |
What do these numbers mean?
The buying rate is the rate at which a platform will buy dollars from you. The selling rate is the rate at which a platform will sell you dollars. The mid-rate is the average of the buying and selling rates.
For example, if you want to exchange $100 US dollars at Binance P2P, you would receive 12.42 * 100 = 1242 Ghanaian cedis. However, if you wanted to exchange 1000 Ghanaian cedis for US dollars at Visa, you would receive 1000 / 12.86 = 77.75 US dollars.