The exchange rate of the British pound (GBP) to the Ghanaian cedi (GHS) on September 15th, 2023 is as follows:
- Buying: 14.44 GHS
- Selling: 14.99 GHS
- Mid-rate: 14.71 GHS
The following table shows the exchange rates at different institutions:
| Institution | Buying | Selling | Mid-rate |
|---|---|---|---|
| WeWire Africa (Fintech) | 14.44 | 14.99 | 14.71 |
| AfriSwap (Forex Bureau) | 14.35 | 14.85 | 14.60 |
| GAFORB (Forex Bureau) | 14.30 | 14.80 | 14.55 |
| Ecobank (Commercial Bank) | 13.86 | 14.37 | 14.12 |
| Bank Of Ghana (Central Bank) | 13.81 | 13.82 | 13.81 |
| GCB Bank (Commercial Bank) | 13.80 | 14.50 | 14.15 |
| UBA (Commercial Bank) | 13.69 | 14.43 | 14.06 |
| Absa Bank (Commercial Bank) | 13.67 | 14.44 | 14.06 |
| GTBank (Commercial Bank) | 13.65 | 14.57 | 14.11 |
| CBG Bank (Commercial Bank) | 13.62 | 14.42 | 14.02 |
| Access Bank (Commercial Bank) | 13.61 | 14.61 | 14.11 |
| Fidelity Bank (Commercial Bank) | 13.60 | 14.47 | 14.03 |
| Stanbic Bank (Commercial Bank) | 13.55 | 14.46 | 14.01 |
| CalBank (Commercial Bank) | 13.41 | 14.85 | 14.13 |
| Standard Chartered (Commercial Bank) | 13.30 | 14.41 | 13.85 |
| Zenith Bank (Commercial Bank) | 13.15 | 14.48 | 13.81 |
Please note that these rates are subject to change and may not be accurate at the time of your transaction. It is always best to check the latest rates before you exchange your currency.
Here are some factors that can affect the exchange rate of the pound to the cedi:
- Economic conditions: The strength of the British and Ghanaian economies can affect the exchange rate. If the British economy is doing well, the pound will be more valuable. Conversely, if the Ghanaian economy is doing well, the cedi will be more valuable.
- Political stability: Political stability can also affect the exchange rate. If there is political instability in Ghana, the cedi may become less valuable.
- Interest rates: Interest rates can also affect the exchange rate. If interest rates in Ghana are higher than interest rates in the UK, the cedi will be more valuable.
- Speculative activity: Speculative activity can also affect the exchange rate. If investors are buying or selling the pound or cedi in large quantities, this can cause the exchange rate to fluctuate.
If you are planning to exchange pounds for cedis, it is important to be aware of these factors and to shop around for the best rates. You can also use a currency converter to compare rates from different institutions.
Here are some factors that can affect the exchange rate of the pound to the cedi:
- Economic conditions: The strength of the British and Ghanaian economies can affect the exchange rate. If the British economy is doing well, the pound will be more valuable. Conversely, if the Ghanaian economy is doing well, the cedi will be more valuable.
- Political stability: Political stability can also affect the exchange rate. If there is political instability in Ghana, the cedi may become less valuable.
- Interest rates: Interest rates can also affect the exchange rate. If interest rates in Ghana are higher than interest rates in the UK, the cedi will be more valuable.
- Speculative activity: Speculative activity can also affect the exchange rate. If investors are buying or selling the pound or cedi in large quantities, this can cause the exchange rate to fluctuate.
The Bank of Ghana has been raising interest rates. The central bank has raised interest rates four times in 2023, and it is expected to raise rates again in the coming months. This is making the cedi a more attractive investment, as it offers higher returns than other currencies.
Finally, the British pound has been weakening against other currencies in recent months. This is due to a number of factors, including the UK’s economic slowdown and the uncertainty surrounding Brexit. The weakening of the pound is making the cedi more valuable.
It is important to note that the exchange rate between the cedi and the pound can fluctuate, and it is impossible to predict how it will change in the future. However, the current trend suggests that the cedi is likely to continue to appreciate against the pound.