The Dollar to Cedi Exchange Rates From Banks, Black Market and Forex Bureau are out for January 19, 2024. The rates provided here are reliable and sourced from our partner Cedirate and other affiliated sources.
The interbank rates quoted by the BoG are pegged at a buying rate of GHS11.90 and a selling rate of GGHS11.91.
| Conversion rates US Dollar / Ghanaian Cedi | |
|---|---|
| 1 USD | 11.91000 GHS |
The Black market dollar rate is pegged at GHS11.91 which is higher than the BoG rate.
TABLE : Dollar to Cedi Exchange Rates From Banks, Black Market and Forex Bureau
The dollar to cedi rates table below from Cedirates.com reveals a wide range of rates across different platforms. Crypto exchanges like AfriSwap and CediConvert offer the most competitive buying rates, with Binance P2P coming in a close third. However, be mindful of the potential volatility and additional fees associated with cryptocurrency transactions.
Forex bureaus like GAFORB and WeWire Africa also offer attractive rates, though they typically fall slightly behind the crypto exchanges. Traditional money transfer services like Western Union and Wise, while convenient, offer significantly lower buying rates.
Commercial banks present a mixed bag. CBG Bank boasts the lowest selling rate, making it a good option for those looking to offload dollars. However, their buying rate is among the lowest. GCB Bank offers a decent middle ground, while GTBank, Zenith Bank, and Ecobank fall somewhere in between.
Stanbic Bank, Absa Bank, and CalBank offer slightly higher buying rates than the aforementioned banks, while UBA, Remitly, Sendwave, and WorldRemit bring up the rear with the least competitive rates.
It’s worth noting the curious case of Visa, listed with a negative buying rate. This unusual figure likely indicates the fees associated with using Visa cards for international transactions, rather than a true exchange rate.
READ: Dollar to Cedi Exchange Rates for January 12, 2023: $1 selling for 12.86 (VISA)
When choosing a platform, consider more than just the headline rates. Factors like transaction fees, processing times, security, and ease of use should also be weighed. For smaller transactions, convenience might outweigh a slightly lower rate. For larger sums, seeking out the best rate, even if it involves a bit more legwork, could save you significant money.
| Name | Buying | Selling | MidRate | |
|---|---|---|---|---|
| Binance P2P Crypto Exchange | 12.58 | 12.59 | 12.58 | |
| AfriSwap Forex Bureau | 12.30 | 12.60 | 12.45 | |
| CediConvert Crypto Exchange | 12.28 | 12.48 | 12.38 | |
| GAFORB Forex Bureau | 12.20 | 12.50 | 12.35 | |
| WeWire Africa Fintech | 12.20 | 12.50 | 12.35 | |
| Western Union Money Transfer | 11.94 | – | – | |
| CBG Bank Commercial Bank | 11.93 | 12.38 | 12.15 | |
| Wise Money Transfer | 11.91 | – | – | |
| Bank Of Ghana Central Bank | 11.90 | 11.92 | 11.91 | |
| GCB Bank Commercial Bank | 11.90 | 12.15 | 12.02 | |
| Revolut Money Transfer | 11.85 | – | – | |
| GTBank Commercial Bank | 11.83 | 12.25 | 12.04 | |
| Zenith Bank Commercial Bank | 11.81 | 12.20 | 12.00 | |
| Ecobank Commercial Bank | 11.80 | 12.10 | 11.95 | |
| Fidelity Bank Commercial Bank | 11.80 | 12.19 | 11.99 | |
| Access Bank Commercial Bank | 11.75 | 12.10 | 11.92 | |
| Stanbic Bank Commercial Bank | 11.70 | 12.10 | 11.90 | |
| Absa Bank Commercial Bank | 11.70 | 12.18 | 11.94 | |
| CalBank Commercial Bank | 11.65 | 12.25 | 11.95 | |
| Standard Chartered Commercial Bank | 11.56 | 12.15 | 11.85 | |
| UBA Commercial Bank | 11.55 | 12.10 | 11.82 | |
| Remitly Money Transfer | 11.48 | – | – | |
| Sendwave Money Transfer | 11.48 | – | – | |
| WorldRemit Money Transfer | 11.40 | – | – | |
| Visa Payment Processor | – | 12.94 |