Dollar to Cedi Rates: $1 sells for Ghs13.20 on Saturday 25 February 2023

Dollar to Cedi Exchange Rates for Saturday 25 February 2023 out for all banks and forex bureaus. The cedi is selling at $1 for Ghs13.20 in Forex bureaus. Clearly, the local currency is heading towards Ghs14.00 per dollar. The US Dollar to Ghanaian Cedi Rates quoted by various stakeholders in the forex market is expected to go up further against the local currency until Ghana gets a deal through with the IMF.

The currency continued to depreciate as the government’s effort to negotiate for debt cancellation by China got postponed until the end of March. Ghana has also been downgraded further by rating agencies which further destabilizes the cedi.

US Dollar to Ghanaian Cedi Rates by Banks in Ghana

Banks are quoting Dollar to Cedi Exchange Rates between GHS11 and GHS13.30 for buying and selling. Below are the new rates for the weekend.

Bank of Ghana Dollar to Cedi buying rate is GHS11.00 whiles its selling rate is GHS11.01

ECOBANK Dollar to Cedi buying rate is GHS11.65 whiles its selling rate is GHS12.95

GCB Dollar to Cedi buying rate is GHS12.00 whiles its selling rate is GHS13.10

STANBIC BANK Dollar to Cedi buying rate is GHS12.00 whiles its selling rate is GHS13.10

ABSA’s buying rate is GHS12.00 whiles its selling rate is GHS13.00

FIDELITY BANK Dollar to Cedi buying rate is GHS12.00 whiles its selling rate is GHS13.10

CBG Dollar to Cedi buying rate is GHS11.09 whiles its selling rate is GHS13.09

STANDARD CHARTERED’s  buying rate is GHS11.00 whiles its selling rate is GHS12.70

ZENITH BANK Dollar to Cedi buying rate is GHS12.00 whiles its selling rate is GHS13.24

CAL BANK Dollar to Cedi buying rate is GHS11.20 whiles its selling rate is GHS13.21

READ: Domestic Debt Exchange Programme (DDEP) And Its Implications

US Dollar to Ghanaian Cedi Rates and those of other major currencies from Forex Bureaus.

Note that the rates quoted here may vary from bureau to bureau.

As of this morning, the rates quoted by some major Forex Bureaus are as follows for all trading currencies.

Selling RATES of major currencies on Saturday 25th February

US Dollar¹ (USD)	13.20
British Pound (GBP)	15.90
Euros (EUR)	13.90
Canadian Dollar (CAD)	10.00
Swiss Franc (CHF)	14.50
Naira² (NGN)	19.00
South African Rand (ZAR)	1.10
West African CFA² (XOF)	21.50

The Buying rates quoted are as follows

Currency	Buy Rate
US Dollar¹ (USD)	12.60
British Pound (GBP)	15.20
Euros (EUR)	13.20
Canadian Dollar (CAD)	08.50
Swiss Franc (CHF)	12.40
Naira² (NGN)	14.00
South African Rand (ZAR)	0.50
West African CFA² (XOF)	17.50