TIG Post

Tag: forex bureau

  • Police manhunt suspects in foiled Lapaz forex bureau robbery

    Police manhunt suspects in foiled Lapaz forex bureau robbery

    The Ghana Police Service has launched a manhunt for two suspected armed robbers who attempted to attack a Forex Bureau at Lapaz in Accra on the morning of Friday, November 22, 2024.

    According to a statement from the Police, the timely intervention of officers responding to the incident foiled the robbery attempt. The suspects, however, managed to escape before they could be apprehended.

    No injuries or casualties were reported during the attempted attack. The Police have intensified efforts to track down the suspects, and a team of investigators has been deployed to gather information and leads that could assist in their arrest.

    The Police also extended their gratitude to the public for their cooperation and urged anyone with relevant information about the suspects to come forward.

  • Forex Bureaus shut down in Nigeria’s capital

    Forex Bureaus shut down in Nigeria’s capital

    Currency exchange office in Nigeria’s capital city Abuja has closed down temporarily because there is not enough US dollars available.

    Nigerians use American money for buying and selling things with other countries.

    Abdulahi Dauran, leader of the group, told the BBC that they decided to do this to let Nigerians know they are worried about the shortage of dollars. He said it’s because of cryptocurrency and people who buy and sell things online.

    “We want to close the Bureau market so that people know we are also concerned about what is happening,” he said.

    Mr Dauran said that speculators like Binance and Aboki website are making the situation worse, and many Nigerians depend on them a lot.

    The Central Bank is trying to make the country’s exchange rate more steady. This is happening while new changes are being made.

    The central bank has told banks to sell any extra dollars they have by February 1, 2024.

    They told lenders not to keep too much foreign money just to make money from it.

  • How armed robbers stole GHC400k from a forex bureau at Ngleshie Amanfro

    Two armed men on a motorbike reportedly robbed a Forex Bureau of approximately GH¢400,000.

    The incident occurred around Amanfro Top Town in the Ga South Municipality of the Greater Accra Region, according to sources from Citi News.

    Alhaji Mumuni, the owner of the Forex Bureau and a gold dealer, mentioned that the suspects had been monitoring their movements from Kasoa Zongo before robbing them at Amanfro Top Town, where the business operates.

    Alhaji Mumuni recounted how the entire incident took place.

    “We received a call from a client in Amanfro, so we decided to meet them. While we were on our way, we noticed two people on motorbikes, but we didn’t pay much attention.”

    “As we approached our destination, the two men on the motorbike attacked us and demanded the money in the bag. My other brother resisted, but one of the robbers insisted and pulled out a gun, firing a warning shot.”

    “With no other choice, my brother handed over the bag to the robbers. In the bag, we had about four hundred thousand cedis, including some foreign currency,” he narrated.

    According to him, they have reported the case to the Ngleshie Amanfro Police, and they have visited the scene to commence the investigation.

    Eyewitness Jonathan Essel stated that, although they initially considered intervening, the armed robbers were carrying guns, which deterred them from taking any action.

    “After the robbers took the bags, one of them claimed to be a police officer, and they were armed, making it difficult for us to confront them. There were two guys on a motorbike, and it had no number plate,” Jonathan Essel added.

  • Armed men rob forex bureau operator, make away with GHC250k cash and gold worth GHC150k

    Armed men rob forex bureau operator, make away with GHC250k cash and gold worth GHC150k

    A forex bureau operator, who also trades in gold, was robbed of GH₵250,000 in cash and gold valued at GH₵150,000 by two armed robbers on a motorbike.

    The robbery occurred at approximately 11:00 am on Thursday, December 28, in Amanfrom, Ga South Municipality, Greater Accra Region.

    The victim, Alhaji Mumuni, recounted that he was with his brother when the robbery took place, suggesting that the suspects might have followed them from Kasoa Zongo.

    The armed robbers, riding a motorbike, intercepted them, brandished pistols, and fired shots into the air.

    When the victims hesitated to hand over their bag, the suspects fired directly at them.

    Onlookers refrained from intervening, as the armed robbers claimed to be police officers.

  • A dollar goes for GHS12.25 at forex, BoG interbank rate at GHS11.55

    A dollar goes for GHS12.25 at forex, BoG interbank rate at GHS11.55

    The Bank of Ghana’s interbank forex rates today, November 17, 2023, reveal the Ghana Cedi trading against the dollar at 11.5472 (buying) and 11.5588 (selling).

    In Accra’s Forex bureau, the dollar is purchased at 12.00 and sold at 12.25. Against the Pound Sterling, the Cedi is bought at 14.3728 and sold at 14.3884, while in Accra’s Forex Bureau, the pound sterling is bought at 14.60 and sold at 15.10.

    The Euro trades at 12.5659 (buying) and 12.5772 (selling), with the Euro bought at 12.60 and sold at 13.10 in an Accra Forex Bureau.

    The South African Rand’s rates are 0.6294 (buying) and 0.6300 (selling), and in Accra, it is bought at 0.40 and sold at 1.10.

    The Nigerian Naira trades at 72.9750 (buying) and 73.1040 (selling), while in an Accra Forex Bureau, it is bought at 9.00 Naira for every 1 Cedi and sold at 15.00.

    The CFA’s rates are 52.1545 (buying) and 52.2014 (selling), with an Accra Forex Bureau buying at 17.00 CFA for every 1 Cedi and selling at 19.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may be different at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Forex bureaus offer $1 at GHC11.60, BoG Interbank Rate at GHC11.00 

    Forex bureaus offer $1 at GHC11.60, BoG Interbank Rate at GHC11.00 

    NB: Please be aware that these rates could vary at forex bureaus in your vicinity. The provided forex bureau rates are sourced from Afriswap Bureau De Change situated in Osu, Accra.

    The Bank of Ghana’s Interbank foreign exchange rates on August 17, 2023, indicate that the Ghana Cedi is currently being exchanged against the dollar with a purchase rate of 10.9991 and a selling rate of 11.0101.

    At an Accra-based Forex bureau, the purchasing rate for the dollar stands at 11.20, while the selling rate is GHC11.60.

    Against the Pound Sterling, the Cedi is trading at a buying price of 14.0019 and a selling price of 14.0181.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 15.00.

    The Euro is trading at a buying price of 11.9746 and a selling price of 11.9874.

    At a forex bureau in Accra, the Euro is being bought at a rate of 12.10 and sold at a rate of 12.70.

    The South African Rand is trading at a buying price of 0.5748 and a selling price of 0.5751.

    At a forex bureau in Accra, the South African Rand is being bought at a rate of 0.35 and sold at a rate of 0.95.

    The Nigerian Naira is trading at a buying price of 70.3978 and a selling price of 71.4147.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 11.00 Naira for every 1 Cedi and sold at a rate of 16.00.

    For the CFA, it is trading at a buying price of 54.7205 and a selling price of 54.7790.

    At a forex bureau in Accra, CFA is being bought at a rate of 16.50 CFA for every 1 Cedi and sold at a rate of 20.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • BoG plans to sell $120m to BDCs in third quarter of 2023

    BoG plans to sell $120m to BDCs in third quarter of 2023

    In the third quarter of 2023, Bank of Ghana (BoG) has announced its plan to sell $120 million to Bulk Oil Distribution Companies (BDCs) through the FX Forward Auction Calendar.

    As per the schedule outlined in the calendar, $40 million will be auctioned in July, August, and September 2023 respectively. In July, $20 million will be sold on both the 14th and 28th. In August, $20 million will be sold on both the 15th and 30th. Lastly, in September, $40 million will be sold, with $20 million each being sold on the 14th and 29th.

    The aim of this FX support to the BDCs is to alleviate the dollar liquidity constraints faced by oil importers, which will help enhance the supply of petroleum products and stabilize prices at fuel stations.

     Bank of Ghana (BoG)

    The Bank of Ghana emphasizes that the BDCs Forex Forward Auction will be governed by guidelines published and available on its official website.

    Interested parties are invited to submit bids in the prescribed format to purchase United States Dollars against Ghana cedis, separately on each auction date, via the dedicated email bogforwards@bog.gov.gh.

    It is important to note that the International Monetary Fund (IMF) has previously advised the Central Bank to consider suspending the program due to concerns over the emergence of multiple exchange rates resulting from the BoG’s occasional provision of forex support at rates that differ from those prevailing in the market.

    The IMF expects the BoG to ensure that its forex liquidity is provided at market exchange rates and to implement measures supporting the unification of exchange rates across the board.

  • Prof Baah-Boateng propounds solution to Ghana’s cedi depreciation

    Prof Baah-Boateng propounds solution to Ghana’s cedi depreciation

    Economist, Professor William Baah-Boateng, has urged the Bank of Ghana to institute laws that ensure that forex bureaus across the country only buy foreign currencies and sell only the cedi.

    According to him, this is a sure way to help control the cedi’s depreciation on the international market.

    He said, Ghanaians’ easy access to foreign currency at the various forex bureaus is what has significantly contributed to the dollarisation of the economy and the subsequent tanking of the cedi.

    Speaking on JoyNews’ PM Express Business Edition, he said unless a Ghanaian is travelling abroad, they should not be given foreign currency.

    “I don’t understand why as a Ghanaian if I’m not travelling I can go to the forex bureau and say I need dollars. What am I using the dollars for?” he said.

    He said similar laws are applied in other foreign countries like Finland and Germany where foreign currencies are not accepted in the country during transactions.

    “So for me I think if the central bank, if Bank of Ghana law and regulation can be reviewed and say that forex bureau are supposed to mop-up foreign currency for the bank but not to sell, it means that if I come from outside and I need cedis I can walk to forex bureau and give them my foreign currency and get the cedis, but not get dollar and give my cedis.

    “When you do that it means if I’m travelling – and it happens in many other countries and my colleagues at central bank they travel more than I do, they know. And I’ll give you Finland as one of the countries. If you enter Finland, you cannot buy any good or service with any currency like dollar or so on or even Germany.

    “I was in Germany and I wanted to buy something and I didn’t have enough euros and I thought I could use my dollar, I went there they said ‘we can’t use go and change it to euro before we can use it.’ Because the rules are there so nobody will then go and buy dollar and so on.

    “So you use the local currency and when you’re leaving you get to the airport, you get your boarding pass, at the last point there’s a forex bureau there you can change and get the dollar. And if we’re able to insist on this why would we need the dollar in Ghana? Why do I have to buy the dollar as a store of value?” he explained.

  • A dollar sells at GHS12.20 on the forex

    A dollar sells at GHS12.20 on the forex

    The Interbank forex rates from the Bank of Ghana today, April 25, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9386 and a selling price of 10.9496.

    At a forex bureau in Accra, the dollar is being bought at a rate of 11.50 and sold at a rate of 12.20.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.5726 and a selling price of 13.5884.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 15.30.

    The Euro is trading at a buying price of 12.0080 and a selling price of 12.0198.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.40 and sold at a rate of 13.20.

    The South African Rand is trading at a buying price of 0.6049 and a selling price of 0.6055.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 42.0729 and a selling price of 42.1807.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 18.50.

    For the CFA, it is trading at a buying price of 54.5730 and a selling price of 54.6267.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar is sold at GH¢12.40 ,GH¢10.94 on BoG interbank as of April 14

    A dollar is sold at GH¢12.40 ,GH¢10.94 on BoG interbank as of April 14

    The Interbank forex rates from the Bank of Ghana today, April 14, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9313 and a selling price of 10.9423.

    At a forex bureau in Accra, the dollar is being bought at a rate of 11.40 and sold at a rate of 12.40.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.6981 and a selling price of 13.7129.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.70 and sold at a rate of 14.70.

    The Euro is trading at a buying price of 12.0879 and a selling price of 12.0989.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.00 and sold at a rate of 13.00.

    The South African Rand is trading at a buying price of 0.6058 and a selling price of 0.6062.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 42.1257 and a selling price of 42.2390.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 18.50.

    For the CFA, it is trading at a buying price of 54.2163 and a selling price of 54.2656.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • How a 56-year-old woman allegedly defrauded a forex bureau owner

    How a 56-year-old woman allegedly defrauded a forex bureau owner

    Florence Bondze Adofo, a 56-year-old trader, is currently being prosecuted for allegedly attempting to trick a forex bureau owner, Chief Haruna Saley, in a transaction worth $45,000.

    According to a news report by The Chronicle, the accused person told Chief Saley that she had $45,000 she was willing to exchange for GH¢652,500.

    However, when the GH¢652,500 was given to her, she failed to produce the $45,000.

    The police prosecutor for the case, Inspector Cyrus E. Conduah, told the court that the accused person (Florence Bondze Adofo), with the help of a police officer, Detective Corporal Thompson Abraham Ntosour, contacted Chief Haruna Saley to sell the $45,000 she had in her possession.

    Both Bondze Adofo and Chief Saley agreed that the $45,000 would be exchanged for GH¢652,500.

    According to Inspector Conduah, Chief Saley and the police officer, who was acting as a middleman, met Bondze Adofo at the SIC Mall car park at Makola in Accra, where the GH¢652,500 was handed to the accused.

    Florence, after receiving the money, demanded that Chief Saley should wait behind while the police officer accompanied her to Opera Square to get the US$45,000.

    The police officer and Florence went to Opera Square, and she asked him to wait behind an office while she went for the dollars, only for her to come back without the US$45,000.

    The prosecutor indicated that she told the police officer who accompanied her that her partner, Abdulai Hashim, could not raise the entire US$45,000 and that he was waiting on more dollars to be able to raise the said amount.

    They returned to inform the owner of the forex bureau about the state of the transaction, and the accused person told him that they had to wait for a while for the total amount of dollars to be raised by her partners.

    After waiting for some time, the victim became suspicious and ordered the arrest of the accused, whom they took to the Accra Central Police Station and lodged a complaint.

    The prosecution also disclosed that during the investigation into the matter, the accused person admitted that she did not have the dollars and that her partner Abdulai Hashim and his boss Alhaji Taminu informed her that they had $70,000 that they were selling.

    She admitted that she took the GH¢652,500 which she gave to Alhaji Taminu. Abdulai Hashim was subsequently arrested, and he also admitted that he had received GH¢60,500 from Florence. His boss, Alhaji Taminu, is, however, nowhere to be found.

    Both Florence and Abdulai were charged with conspiracy to commit a crime, defrauding by false pretences, and dishonestly receiving charges.

    They have both pleaded not guilty to the charges and have been granted bail by the Accra Circuit Court.

    Florence received bail in the sum of GH¢600,000 with three sureties, and Abdulai received bail in the sum of GH¢100,000 with one surety. The case was adjourned to April 17, 2023, for continuation.

  • A dollar is sold at GH¢12.00, GH¢10.93 on BoG interbank as of April 13

    A dollar is sold at GH¢12.00, GH¢10.93 on BoG interbank as of April 13

    The Interbank forex rates from the Bank of Ghana today, April 13, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9263 and a selling price of 10.9373.

    At a forex bureau in Accra, the dollar is being bought at a rate of 11.00 and sold at a rate of 12.00.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.6383 and a selling price of 13.6530.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.40 and sold at a rate of 14.40.

    The Euro is trading at a buying price of 12.0140 and a selling price of 12.0248.

    At a forex bureau in Accra, Euro is being bought at a rate of 11.70 and sold at a rate of 12.70.

    The South African Rand is trading at a buying price of 0.5981 and a selling price of 0.5986.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 42.2520 and a selling price of 42.2977.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 18.50.

    For the CFA, it is trading at a buying price of 54.5503 and a selling price of 54.5994.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi sells at GH¢11.50 for $1, GH¢10.93 on BoG interbank as of April 12

    Cedi sells at GH¢11.50 for $1, GH¢10.93 on BoG interbank as of April 12

    The Interbank forex rates from the Bank of Ghana today, April 12, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9243 and a selling price of 10.9353.

    At a forex bureau in Accra, the dollar is being bought at a rate of 10.50 and sold at a rate of 11.50.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.5822 and a selling price of 13.5969.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.40 and sold at a rate of 14.40.

    The Euro is trading at a buying price of 11.9226 and a selling price of 11.9323.

    At a forex bureau in Accra, Euro is being bought at a rate of 11.50 and sold at a rate of 12.50.

    The South African Rand is trading at a buying price of 0.5947 and a selling price of 0.5949.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 42.1591 and a selling price of 42.2542.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 18.50.

    For the CFA, it is trading at a buying price of 54.9732 and a selling price of 55.0179.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar sold at GH¢11.50, GH¢10.93 on BoG interbank as of April 11

    A dollar sold at GH¢11.50, GH¢10.93 on BoG interbank as of April 11

    The Interbank forex rates from the Bank of Ghana today, April 11, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9245 and a selling price of 10.9355.

    At a forex bureau in Accra, the dollar is being bought at a rate of 10.50 and sold at a rate of 11.50.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.6120 and a selling price of 13.6267.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.50 and sold at a rate of 14.50.

    The Euro is trading at a buying price of 11.9278 and a selling price of 11.9386.

    At a forex bureau in Accra, Euro is being bought at a rate of 11.20 and sold at a rate of 12.20.

    The South African Rand is trading at a buying price of 0.6072 and a selling price of 0.6077.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 42.1766 and a selling price of 42.2479.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 18.50.

    For the CFA, it is trading at a buying price of 54.9442 and a selling price of 54.9940.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar is sold at GH¢11.30, GH¢10.93 on interbank market as of April 7

    A dollar is sold at GH¢11.30, GH¢10.93 on interbank market as of April 7

    The Interbank forex rates from the Bank of Ghana today, April 7, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9245 and a selling price of 10.9355.

    At a forex bureau in Accra, the dollar is being bought at a rate of 10.30 and sold at a rate of 11.30.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.5890 and a selling price of 13.6037.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.40 and sold at a rate of 14.40.

    The Euro is trading at a buying price of 11.9380 and a selling price of 11.9488.

    At a forex bureau in Accra, Euro is being bought at a rate of 11.10 and sold at a rate of 12.00.

    The South African Rand is trading at a buying price of 0.5993 and a selling price of 0.5999.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.30 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 42.1894 and a selling price of 42.2470.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 18.50.

    For the CFA, it is trading at a buying price of 54.8973 and a selling price of 54.9470.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar sells at GHS11.30 at the forex, GHS10.93 on interbank market

    A dollar sells at GHS11.30 at the forex, GHS10.93 on interbank market

    The Interbank forex rates from the Bank of Ghana today, April 6, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.9245 and a selling price of 10.9355.

    At a forex bureau in Accra, the dollar is being bought at a rate of 10.30 and sold at a rate of 11.30.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.6120 and a selling price of 13.6267.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.40 and sold at a rate of 14.40.

    The Euro is trading at a buying price of 11.9278 and a selling price of 11.9386.

    At a forex bureau in Accra, Euro is being bought at a rate of 11.20 and sold at a rate of 12.20.

    The South African Rand is trading at a buying price of 0.6072 and a selling price of 0.6077.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 42.1766 and a selling price of 42.2479.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 19.00.

    For the CFA, it is trading at a buying price of 54.9442 and a selling price of 54.9940.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • A dollar selling at GH¢11.50 on the forex as of April 4

    A dollar selling at GH¢11.50 on the forex as of April 4

    he Interbank forex rates from the Bank of Ghana today, April 4, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0062 and a selling price of 11.0172.

    At a forex bureau in Accra, the dollar is being bought at a rate of 10.50 and sold at a rate of 11.50.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.6499 and a selling price of 13.6646.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 13.50 and sold at a rate of 14.50.

    The Euro is trading at a buying price of 11.9883 and a selling price of 11.9992.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.80 and sold at a rate of 12.80.

    The South African Rand is trading at a buying price of 0.6182 and a selling price of 0.6187.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.8382 and a selling price of 41.9000.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 19.00.

    For the CFA, it is trading at a buying price of 54.6667 and a selling price of 54.7164.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • As of April 3, bureaux sell $1 for GH12.10, GH11.01 on the interbank market

    As of April 3, bureaux sell $1 for GH12.10, GH11.01 on the interbank market

    The Interbank forex rates from the Bank of Ghana today, April 3, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0082 and a selling price of 11.0192 .

    At a forex bureau in Accra, the dollar is being bought at a rate of 11.20 and sold at a rate of 12.10.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.6138 and a selling price of 13.6297.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.20 and sold at a rate of 15.00.

    The Euro is trading at a buying price of 11.9598 and a selling price of 11.9716.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.20 and sold at a rate of 13.10.

    The South African Rand is trading at a buying price of 0.6207 and a selling price of 0.6212.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.6844 and a selling price of 41.8433.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    For the CFA, it is trading at a buying price of 54.7928 and a selling price of 54.8468.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi sells at GH¢12.60 for $1, GH¢11.01 on interbank market as of March 23

    Cedi sells at GH¢12.60 for $1, GH¢11.01 on interbank market as of March 23

    The Interbank forex rates from the Bank of Ghana today, March 23, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0089 and a selling price of 11.0199.

    At a forex bureau in Accra, the dollar is being bought at a rate of 12.00 and sold at a rate of 12.60.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.4760 and a selling price of 13.4917.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.30 and sold at a rate of 15.30.

    The Euro is trading at a buying price of 11.8815 and a selling price of 11.8932.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.50 and sold at a rate of 13.30.

    The South African Rand is trading at a buying price of 0.6008 and a selling price of 0.6014.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.8280 and a selling price of 41.8734.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    For the CFA, it is trading at a buying price of 55.1540 and a selling price of 55.2083.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • How to know if a forex brokerage is trustworthy?

    How to know if a forex brokerage is trustworthy?

    Dealing in foreign currencies can be very rewarding, so as a foreign currency trader, choosing a brokerage that you can trust is critical. In this article, we will discuss some of the methods for determining the dependability of a forex brokerage.

    Administration of regulations and licenses

    While looking for a trustworthy trading platform, the first thing to look for is the brokerage’s regulation and licensing status. Which government agency is in charge of regulating forex brokers varies from country to country. This is done to protect traders. The National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC), to name two examples from the United States, are in charge of regulating foreign currency brokers in that country.

    The United Kingdom has the Financial Conduct Authority (FCA), Cyprus has the Cyprus Securities and Exchange Commission (CySEC), and the European Union has the Markets in Financial Instruments Directive (MiFID II).

    A reputable agency that regulates and registers a foreign exchange brokerage makes sure that the broker follows the laws and rules. This, in turn, ensures that your money is safe and that transactions are carried out honestly.

    Platforms for buying and selling

    A reputable forex brokerage should supply customers with a stable and secure trading platform. A good trading platform should be simple to use and easy to navigate. Moreover, the platform should supply traders with a number of trading tools and indicators to help them make informed trading decisions.

    Many forex brokers like to use the MetaTrader 4 (MT4) platform, due to its ease of use and vast collection of trading tools.

    A trustworthy forex broker should also provide a mobile trading platform that works with both Apple’s iOS and Google’s Android operating systems so that traders can monitor their transactions and make trades while moving around.

    Customer help

    The quality of the broker’s customer service is another crucial factor to take into account when looking for a trustworthy forex broker. A reliable forex broker should have a proactive customer support service that is available 24 hours a day, seven days a week. The people who work in customer service should be able to answer your questions quickly and accurately.

    You can figure out how good a forex broker’s customer service is by sending them an email or calling their helpline and seeing how quickly and efficiently they answer your questions and concerns.

    The phrases “spreads” and “commissions” are used interchangeably

    Spreads and commissions are highly significant aspects to consider when choosing a forex broker. A trustworthy foreign exchange broker should provide clear and easy-to-understand spreads and charges, as well as affordable pricing.

    The spread is the difference between the bid and ask prices of a currency pair. The spread is the source of profit for forex brokers. A reputable forex broker must provide tight spreads that are similar to those supplied by other forex brokers.

    Commissions are yet another means by which forex brokers create cash for themselves. Commissions are fees charged on each transaction that are sometimes stated as a percentage of the entire value of the transaction. A reputable forex broker’s commission rates should be modest and similar to those of other forex brokers.

    Deposit and withdrawal alternatives

    A reputable foreign exchange broker should let customers deposit and withdraw money in a number of ways, such as bank transfers, credit cards, electronic wallets, and cryptocurrency exchanges.

    A reputable forex broker should also have quick and risk-free ways to withdraw your money. Withdrawals should be processed in a reasonable length of time, and there should be no extra fees.

    Educational resources

    A reputable forex broker should provide traders with access to educational materials and trading tools to help them grow their trading skills. A reliable forex broker should provide its customers with access to a wide range of educational resources, such as trading manuals, video tutorials, and webinars.

    A trustworthy forex broker should also give customers access to a wide range of trading tools, such as economic calendars, market research, and trading signals. Traders can increase their chances of success by employing these tools, which can help them make more informed trading decisions.

    Customer reputation and feedback

    When figuring out how trustworthy a forex broker is, you should look at both their reputation and reviews. When choosing a forex broker, it is essential to do research and read reviews posted by other traders. This might help you figure out what the pros and cons of working with the broker are.

    You can also look at the forex broker’s social media pages to see how they interact with their clients and the trading community in general. A reliable forex broker should be active on many social media sites and respond quickly to questions and concerns from clients.

    Transparency

    Another key thing to consider when searching for a reliable forex broker is the broker’s transparency. A forex broker should always be clear and honest about the fees, spreads, and commissions they charge. Moreover, their terms and conditions must be crystal clear and straightforward to understand.

    A trustworthy forex broker should also make their financial records and audit results accessible to their clients. This proves that they are truthful about their financial operations and that you can trust them with your money.

    Conclusion

    Lastly, it’s important to choose a reliable forex broker if you want to keep your money safe and make sure your transactions go smoothly. A reliable forex broker should be regulated and licensed, have a reliable trading platform, competitive spreads and commissions, a variety of deposit and withdrawal options, educational resources and trading tools, a responsive customer support team, a good reputation and positive reviews, and be clear about their fees and financial activities. 

    It is important to keep these factors in mind when choosing a forex broker. Doing so will help to assure you that you are working with a trustworthy and competent broker that can aid you in accomplishing your objectives as a forex trader.

  • On the interbank market, bureaus sell $1 at GH¢12.70, GH¢11.01 as of March 17

    On the interbank market, bureaus sell $1 at GH¢12.70, GH¢11.01 as of March 17

    The Interbank forex rates from the Bank of Ghana today, March 17, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0086 and a selling price of 11.0196.

    At a forex bureau in Accra, the dollar is being bought at a rate of 12.30 and sold at a rate of 12.70.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.3182 and a selling price of 13.3326.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.50 and sold at a rate of 15.30.

    The Euro is trading at a buying price of 11.6775 and a selling price of 11.6871.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.50 and sold at a rate of 13.50.

    The South African Rand is trading at a buying price of 0.5983 and a selling price of 0.5988.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.8972 and a selling price of 41.9381.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    For the CFA, it is trading at a buying price of 56.1266 and a selling price of 56.1727.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.00 CFA for every 1 Cedi and sold at a rate of 21.00 CFA for every 1 Cedi.

  • Forex Bureaus sell cedi at GH¢12.80, GH¢11.01 on the interbank market as of March 7

    Forex Bureaus sell cedi at GH¢12.80, GH¢11.01 on the interbank market as of March 7

    The Interbank forex rates from the Bank of Ghana today, March 7, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0083 and a selling price of 11.0193.

    At a forex bureau in Accra, the dollar is being bought at a rate of 12.20 and sold at a rate of 12.80.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.1835 and a selling price of 13.1989.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.70 and sold at a rate of 15.70.

    The Euro is trading at a buying price of 11.6699 and a selling price of 11.6815.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.50 and sold at a rate of 13.50.

    The South African Rand is trading at a buying price of 0.6053 and a selling price of 0.6058.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.50 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.0031 and a selling price of 41.8865.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    For the CFA, it is trading at a buying price of 56.1535 and a selling price of 56.2093.

    At a forex bureau in Accra, CFA is being bought at a rate of 17.50 CFA for every 1 Cedi and sold at a rate of 21.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi trades at GH13.10 for $1, GH11.01 on the interbank market as of February 28

    Cedi trades at GH13.10 for $1, GH11.01 on the interbank market as of February 28

    The Interbank forex rates from the Bank of Ghana today, February 28, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0075 and a selling price of 11.0185.

    As compared to yesterday’s trading of a buying price of 11.0077 and a selling price of 11.0187. At a forex bureau in Accra, the dollar is being bought at a rate of 12.60 and sold at a rate of 13.10.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.2398 and a selling price of 13.2542 as compared to yesterday’s trading of a buying price of 13.1641 and a selling price of 13.1795.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 15.20 and sold at a rate of 15.90.

    The Euro is trading at a buying price of 11.6753 and a selling price of 11.6859 as compared to yesterday’s trading of a buying price of 11.6660 and a selling price of 11.6775.

    At a forex bureau in Accra, Euro is being bought at a rate of 13.20 and sold at a rate of 13.90.

    The South African Rand is trading at a buying price of 0.5973 and a selling price of 0.5978 as compared to yesterday’s trading of a buying price of 0.6031 and a selling price of 0.6038.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.50 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.8451 and a selling price of 41.9241 as compared to yesterday’s trading at a buying price of 41.8135 and a selling price of 41.8861.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Bureaus sell $1 at GH¢13.10, GH¢11.01 on interbank market as of February 22

    Bureaus sell $1 at GH¢13.10, GH¢11.01 on interbank market as of February 22

    The Interbank forex rates from the Bank of Ghana today, February 22, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 11.0009 and a selling price of 11.0119.

    As compared to yesterday’s trading of a buying price of 10.7985 and a selling price of 10.8093. At a forex bureau in Accra, the dollar is being bought at a rate of 12.60 and sold at a rate of 13.10.

    Against the Pound Sterling, the Cedi is trading at a buying price of 13.3177 and a selling price of 13.3332 as compared to yesterday’s trading of a buying price of 12.9852 and a selling price of 12.9993.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 15.00 and sold at a rate of 15.80.

    The Euro is trading at a buying price of 11.7481 and a selling price of 11.7598 as compared to yesterday’s trading of a buying price of 11.5434 and a selling price of 11.5539.

    At a forex bureau in Accra, Euro is being bought at a rate of 13.00 and sold at a rate of 13.80.

    The South African Rand is trading at a buying price of 0.6018 and a selling price of 0.6024 as compared to yesterday’s trading of a buying price of 0.5951 and a selling price of 0.5957.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.50 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 41.8211 and a selling price of 41.9111 as compared to yesterday’s trading at a buying price of 42.5957 and a selling price of 42.6948.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi sells at GH¢13.10 for $1, GH¢10.80 on interbank market as of February 21

    Cedi sells at GH¢13.10 for $1, GH¢10.80 on interbank market as of February 21

    The Interbank forex rates from the Bank of Ghana today, February 21, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.7985 and a selling price of 10.8093.

    As compared to yesterday’s trading of a buying price of 10.7985 and a selling price of 10.8093. At a forex bureau in Accra, the dollar is being bought at a rate of 12.60 and sold at a rate of 13.10.

    Against the Pound Sterling, the Cedi is trading at a buying price of 12.9852 and a selling price of 12.9993 as compared to yesterday’s trading of a buying price of 12.9830 and a selling price of 12.9971.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 15.00 and sold at a rate of 15.80.

    The Euro is trading at a buying price of 11.5434 and a selling price of 11.5539 as compared to yesterday’s trading of a buying price of 11.5292 and a selling price of 11.5396.

    At a forex bureau in Accra, Euro is being bought at a rate of 13.00 and sold at a rate of 13.80.

    The South African Rand is trading at a buying price of 0.5951 and a selling price of 0.5957 as compared to yesterday’s trading of a buying price of 0.5989 and a selling price of 0.5945.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.50 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 42.5957 and a selling price of 42.6948 as compared to yesterday’s trading at a buying price of 42.6096 and a selling price of 42.7272.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • As of February 17, bureaus sell $1 at GH¢12.90, GH¢10.80 on interbank market

    As of February 17, bureaus sell $1 at GH¢12.90, GH¢10.80 on interbank market

    Note that these rates may be different at a forex bureau near you.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    The Interbank forex rates from the Bank of Ghana today, February 17, 2023, have shown that the Ghana Cedi is trading against the dollar at a buying price of 10.7965 and a selling price of 10.8073.

    As compared to yesterday’s trading of a buying price of 10.7967 and a selling price of 10.8075. At a forex bureau in Accra, the dollar is being bought at a rate of 12.40 and sold at a rate of 12.90.

    Against the Pound Sterling, the Cedi is trading at a buying price of 12.9644 and a selling price of 12.9785 as compared to yesterday’s trading of a buying price of 12.9496 and a selling price of 12.9636.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 14.60 and sold at a rate of 15.60.

    The Euro is trading at a buying price of 11.5219 and a selling price of 11.5334 as compared to yesterday’s trading of a buying price of 11.5281 and a selling price of 11.5386.

    At a forex bureau in Accra, Euro is being bought at a rate of 12.80 and sold at a rate of 13.80.

    The South African Rand is trading at a buying price of 0.5939 and a selling price of 0.5945 as compared to yesterday’s trading of a buying price of 0.5978 and a selling price of 0.5982.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.50 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 42.6684 and a selling price of 42.7416 as compared to yesterday’s trading at a buying price of 42.6269 and a selling price of 42.7435.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 14.00 Naira for every 1 Cedi and sold at a rate of 19.00.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Cedi sells at GH¢12.00 to $1 on forex market, GH¢8.58 on BoG interbank market

    The Interbank forex rates from the Bank of Ghana today, December 31, 2022, have shown that the Ghana Cedi is trading against the dollar at a buying price of 8.5717 and a selling price of 8.5803.

    As compared to yesterday’s trading of a buying price of 8.3108 and a selling price of 8.3192. At a forex bureau in Accra, the dollar is being bought at a rate of 11.00 and sold at a rate of 12.00.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.3058 and a selling price of 10.3178 as compared to yesterday’s trading of a buying price of 10.0029 and a selling price of 10.0138.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 12.50 and sold at a rate of 14.50.

    The Euro is trading at a buying price of 9.1412 and a selling price of 9.1502 as compared to yesterday’s trading of a buying price of 8.8514 and a selling price of 8.8602.

    At a forex bureau in Accra, Euro is being bought at a rate of 11.20 and sold at a rate of 12.50.

    The South African Rand is trading at a buying price of 0.5042 and a selling price of 0.5046 as compared to yesterday’s trading of a buying price of 0.4901 and a selling price of 0.4903.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.90.

    The Nigerian Naira is trading at a buying price of 55.3638 and a selling price of 55.4756 as compared to yesterday’s trading at a buying price of 55.3638 and a selling price of 55.4756.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.50 Naira for every 1 Cedi and sold at a rate of 17.50.

    Source: Ghanaweb

  • Cedi sells at GH¢14.80 at bureaus, BoG at GH¢13.08

    The Interbank forex rates from the Bank of Ghana today, November 14, 2022, have shown that the Ghana Cedi is trading against the dollar at a buying price of 13.0694 and a selling price of 13.0824.

    As compared to Friday’s trading of a buying price of 13.0694 and a selling price of 13.0824. At a forex bureau in Accra, the dollar is being bought at a rate of 14.20 and sold at a rate of 14.80.

    Against the Pound Sterling, the Cedi is trading at a buying price of 15.4179 and a selling price of 15.4347 as compared to Friday’s trading of a buying price of 15.2572 and a selling price of 15.2751.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 15.90 and sold at a rate of 16.70.

    The Euro is trading at a buying price of 13.5079 and a selling price of 13.5214 as compared to Friday’s trading of a buying price of 13.2983 and a selling price of 13.3104.

    At a forex bureau in Accra, Euro is being bought at a rate of 13.80 and sold at a rate of 14.70.

    The South African Rand is trading at a buying price of 0.7563 and a selling price of 0.7570 compared to Friday’s trading of a buying price of 0.7490 and a selling price of 0.7498.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.65 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 33.8799 and a selling price of 33.9839 as compared to Friday’s trading of a buying price of 33.8835 and a selling price of 34.0337.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 16.00 Naira for every 1 Cedi and sold at a rate of 21.00.

    For the CFA, it is trading at a buying price of 48.5125 and a selling price of 48.5610. At a forex bureau in Accra, CFA is being bought at a rate of 19.30 CFA for every 1 Cedi and sold at a rate of 23.50 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Forex Bureaus sell $1 at GH¢14.90, BoG GH¢13.08 as of November 11

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana as of November 11, 2022, the Ghana Cedi is trading against the dollar at a buying price of 13.0694 and a selling price of 13.0824.

    As compared to yesterday’s trading of a buying price of 13.0494 and a selling price of 13.0624. At a forex bureau in Accra, the dollar is being bought at a rate of 14.30 and sold at a rate of 14.90.

    Against the Pound Sterling, the Cedi is trading at a buying price of 15.2572 and a selling price of 15.2751 as compared to yesterday’s trading at a buying price of 15.0890 and a selling price of 15.0890.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 15.90 and sold at a rate of 16.75.

    The Euro is trading at a buying price of 13.2983 and a selling price of 13.3104 as compared to yesterday’s trading at a buying price of 13.0850 and a selling price of 13.0993.

    At a forex bureau in Accra, Euro is being bought at a rate of 13.90 and sold at a rate of 14.90.

    The South African Rand is trading at a buying price of 0.7490 and a selling price of 0.7498 compared to yesterday’s trading at a buying price of 0.7348 and a selling price of 0.7355.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.65 and sold at a rate of 1.10.

    The Nigerian Naira is trading at a buying price of 33.8835 and a selling price of 34.0337 as compared to yesterday’s trading at a buying price of 33.8835 and a selling price of 34.0337.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.50 Naira for every 1 Cedi and sold at a rate of 17.50.

     

  • Gov’t announces 5 measures to stop free fall of cedi

    The Government of Ghana has adopted five measures to prevent further free fall of the cedi.

    President Akufo-Addo announced these measures on Sunday, when he addressed the nation on the country’s current economic crisis.

    The measures he said are:

    1. Enhanced supervisory action by the Bank of Ghana in the forex bureau markets and the black market to flush out illegal operators, as well as ensuring that those permitted to operate legally abide by the market rules. Already some forex bureaus have had their licenses revoked, and this exercise will continue until complete order is restored in the sector.
    2. Fresh inflows of dollars are providing liquidity to the foreign exchange market, and addressing the pipeline demand;
    3. The Bank of Ghana has given its full commitment to the commercial banks to provide liquidity to ensure the wheels of the economy continue to run in a stabilized manner, till the IMF Programme kicks in and the financing assurances expected from other partners also come in;
    4. Government is working with the Bank of Ghana and the oil-producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign exchange earned from operations in Ghana are, initially, paid to banks domiciled in Ghana to help boost the domestic foreign exchange market; and
    5. The Bank of Ghana will enhance its gold purchase programme.

    President Akufo-Addo said he was confident that “these immediate measures designed to change the structure of our balance of payment flows, sanitise the foreign exchange market to ensure that the banks and forex bureaus operate along international best practices, together with strengthened supervision, will go a long way to sanitise our foreign exchange market, and make it more resilient against external vulnerabilities going forward.”

    The cedi was tagged by Bloomberg as the worst-performing currency in 2022 with its trading value at around GH¢14 to a dollar.

    Prices of products such as fuel, cooking oil, rice and other imported items have gone up astronomically within the last few weeks following the depreciation of the cedi.

    The continuous free fall of the cedi compelled the Ghana Union of Traders Association (GUTA) to declare a strike to force government to take steps to strengthen the currency.

     

     

     

  • Cedi Rates: Bureaus sell $1 at GH¢11.23, BoG GH¢9.72 as at October 12

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

     

    On the Interbank forex rates from the Bank of Ghana on, October 12, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.7176 and a selling price of 9.7274.

    As compared to yesterday’s trading of a buying price of 9.6427 and a selling price of 9.6523. At a forex bureau in Accra, the dollar is being bought at a rate of 11.03 and sold at a rate of 11.23.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.7807 and a selling price of 10.7935 as compared to yesterday’s trading of a buying price of 10.6465 and a selling price of 10.6581.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.98 and sold at a rate of 12.28.

    The Euro is trading at a buying price of 9.4435 and a selling price of 9.4530 as compared to yesterday’s trading of a buying price of 9.3489 and a selling price of 9.3582.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.52 and sold at a rate of 10.77.

    The South African Rand is trading at a buying price of 0.5372 and a selling price of 0.5374 compared to yesterday’s trading of a buying price of 0.5318 and a selling price of 0.5321.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.0656 and a selling price of 45.1827 as compared to yesterday’s trading of a buying price of 45.0656 and a selling price of 45.1827.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.00 Naira for every 1 Cedi and sold at a rate of 15.50.

  • Forex Bureaus sell $1 at GH¢11.09, BoG GH¢9.65 as at October 11

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

     

    On the Interbank forex rates from the Bank of Ghana on, October 11, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.6427 and a selling price of 9.6523.

    As compared to yesterday’s trading of a buying price of 9.6327 and a selling price of 9.6423. At a forex bureau in Accra, the dollar is being bought at a rate of 10.92 and sold at a rate of 11.09.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.6465 and a selling price of 10.6581 as compared to yesterday’s trading of a buying price of 10.6971 and a selling price of 10.7097.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.90 and sold at a rate of 12.20.

    The Euro is trading at a buying price of 9.3489 and a selling price of 9.3582 as compared to yesterday’s trading of a buying price of 9.4148 and a selling price of 9.4251.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.45 and sold at a rate of 10.70.

    The South African Rand is trading at a buying price of 0.5318 and a selling price of 0.5321 compared to yesterday’s trading of a buying price of 0.5326 and a selling price of 0.5329.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.0656 and a selling price of 45.1827 as compared to yesterday’s trading of a buying price of 45.2047 and a selling price of 45.2296.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.00 Naira for every 1 Cedi and sold at a rate of 15.50.

     

  • Cedi nears GH¢11 mark, bureaus sell $1 at GH¢10.98, BoG GH¢9.63 as at Oct. 7

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, October 7, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.6302 and a selling price of 9.6398.

    As compared to yesterday’s trading of a buying price of 9.6302 and a selling price of 9.6398. At a forex bureau in Accra, the dollar is being bought at a rate of 10.75 and sold at a rate of 10.98.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.7742 and a selling price of 10.7860 as compared to yesterday’s trading of a buying price of 10.8513 and a selling price of 10.8641.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.90 and sold at a rate of 12.25.

    The Euro is trading at a buying price of 9.4677 and a selling price of 9.4772 as compared to yesterday’s trading of a buying price of 9.4978 and a selling price of 9.5082.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.40 and sold at a rate of 10.67.

    The South African Rand is trading at a buying price of 0.5380 and a selling price of 0.5387 compared to yesterday’s trading of a buying price of 0.5401 and a selling price of 0.5404.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.2257 and a selling price of 45.2382 as compared to yesterday’s trading of a buying price of 45.2776 and a selling price of 45.3679.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 13.00 Naira for every 1 Cedi and sold at a rate of 15.50.

    Source: Ghanaweb

  • Forex Bureaus sell $1 at GH¢10.90, BoG GH¢9.63 as at October 6

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, October 6, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.6302 and a selling price of 9.6398.

    As compared to yesterday’s trading of a buying price of 9.6302 and a selling price of 9.6398. At a forex bureau in Accra, the dollar is being bought at a rate of 10.75 and sold at a rate of 10.90.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.8513 and a selling price of 10.8641 as compared to yesterday’s trading of a buying price of 10.9871 and a selling price of 11.0000.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.75 and sold at a rate of 12.10.

    The Euro is trading at a buying price of 9.4978 and a selling price of 9.5082 as compared to yesterday’s trading of a buying price of 9.5898 and a selling price of 9.6003.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.25 and sold at a rate of 10.50.

    The South African Rand is trading at a buying price of 0.5401 and a selling price of 0.5404 compared to yesterday’s trading of a buying price of 0.5460 and a selling price of 0.5461.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.2776 and a selling price of 45.3679 as compared to yesterday’s trading of a buying price of 45.2413 and a selling price of 45.2538.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.00 Naira for every 1 Cedi and sold at a rate of 15.50.

    Source: Ghanaweb

  • Forex Bureaus sell $1 at GH¢10.85, BoG GH¢9.63 as at October 5

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, October 5, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.6302 and a selling price of 9.6398.

    As compared to yesterday’s trading of a buying price of 9.6200 and a selling price of 9.6296. At a forex bureau in Accra, the dollar is being bought at a rate of 10.65 and sold at a rate of 10.85.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.9871 and a selling price of 11.0000 as compared to yesterday’s trading of a buying price of 10.8860 and a selling price of 10.8998.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.60 and sold at a rate of 12.10.

    The Euro is trading at a buying price of 9.5898 and a selling price of 9.6003 as compared to yesterday’s trading of a buying price of 9.4529 and a selling price of 9.4641.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.10 and sold at a rate of 10.40.

    The South African Rand is trading at a buying price of 0.5460 and a selling price of 0.5461 compared to yesterday’s trading of a buying price of 0.5386 and a selling price of 0.5392.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.2413 and a selling price of 45.2538 as compared to yesterday’s trading of a buying price of 45.3142 and a selling price of 45.3911.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.00 Naira for every 1 Cedi and sold at a rate of 15.50.

  • Cedi Rates: Bureaus sell $1 at GH¢10.75, BoG GH¢9.60 as at October 4

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, October 4, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.6000 and a selling price of 9.6096.

    As compared to yesterday’s trading of a buying price of 9.6000 and a selling price of 9.6096. At a forex bureau in Accra, the dollar is being bought at a rate of 10.55 and sold at a rate of 10.75.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.6954 and a selling price of 10.7080 as compared to yesterday’s trading of a buying price of 10.6954 and a selling price of 10.7080.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.60 and sold at a rate of 12.00.

    The Euro is trading at a buying price of 9.4100 and a selling price of 9.4194 as compared to yesterday’s trading of a buying price of 9.4100 and a selling price of 9.4194.

    At a forex bureau in Accra, Euro is being bought at a rate of 9.95 and sold at a rate of 10.30.

    The South African Rand is trading at a buying price of 0.5334 and a selling price of 0.5337 compared to yesterday’s trading of a buying price of 0.5334 and a selling price of 0.5337.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.4866 and a selling price of 45.5095 as compared to yesterday’s trading of a buying price of 45.4866 and a selling price of 45.5095.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.00 Naira for every 1 Cedi and sold at a rate of 15.50.

  • Forex bureaus sell $1 at GH¢10.49, BoG GH¢9.54 as at September 27

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, September 27, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.5365 and a selling price of 9.5461.

    As compared to yesterday’s trading of a buying price of 9.5366 and a selling price of 9.5462. At a forex bureau in Accra, the dollar is being bought at a rate of 10.30 and sold at a rate of 10.49.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.1745 and a selling price of 10.1885 as compared to yesterday’s trading of a buying price of 10.4083 and a selling price of 10.4216.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.70 and sold at a rate of 12.00.

    The Euro is trading at a buying price of 9.1712 and a selling price of 9.1822 as compared to yesterday’s trading of a buying price of 9.2666 and a selling price of 9.2776.

    At a forex bureau in Accra, Euro is being bought at a rate of 9.70 and sold at a rate of 10.42.

    The South African Rand is trading at a buying price of 0.5264 and a selling price of 0.5271 compared to yesterday’s trading of a buying price of 0.5308 and a selling price of 0.5315.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 45.5913 and a selling price of 45.7747 as compared to Friday’s trading of a buying price of 45.5709 and a selling price of 45.7480.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.00 Naira for every 1 Cedi and sold at a rate of 15.50.

  • Cedi Rates: Forex bureaus sell $1 at GH¢10.45, BoG GH¢9.24 as at September 23

    Note that these rates may be different at a forex bureau near you.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, September 23, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.2367 and a selling price of 9.2459.

    As compared to yesterday’s trading of a buying price of 9.0355 and a selling price of 9.0445. At a forex bureau in Accra, the dollar is being bought at a rate of 10.15 and sold at a rate of 10.45.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.3931 and a selling price of 10.4054 as compared to yesterday’s trading of a buying price of 10.3086 and a selling price of 10.3198.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.20 and sold at a rate of 11.90.

    The Euro is trading at a buying price of 9.0675 and a selling price of 9.0766 as compared to yesterday’s trading of a buying price of 9.0268 and a selling price of 9.0366.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.05 and sold at a rate of 10.42.

    The South African Rand is trading at a buying price of 0.5236 and a selling price of 0.5242 compared to yesterday’s trading of a buying price of 0.5098 and a selling price of 0.5103.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 47.1211 and a selling price of 47.2044 as compared to yesterday’s trading of a buying price of 48.0951 and a selling price of 48.2279.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.00 Naira for every 1 Cedi and sold at a rate of 15.50.

    Source: Ghanaweb

  • Forex bureaus sell $1 at GH¢10.50, BoG GH¢9.04 as at September 21

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    On the Interbank forex rates from the Bank of Ghana today, September 21, 2022, the Ghana Cedi is trading against the dollar at a buying price of 9.0355 and a selling price of 9.0445.

    As compared to yesterday’s trading of a buying price of 9.0055 and a selling price of 9.0145. At a forex bureau in Accra, the dollar is being bought at a rate of 10.25 and sold at a rate of 10.45.

    Against the Pound Sterling, the Cedi is trading at a buying price of 10.3086 and a selling price of 10.3198 as compared to yesterday’s trading of a buying price of 10.2681 and a selling price of 10.2801.

    At a forex bureau in Accra, the pound sterling is being bought at a rate of 11.60 and sold at a rate of 11.90.

    The Euro is trading at a buying price of 9.0268 and a selling price of 9.0366 as compared to yesterday’s trading of a buying price of 9.0102 and a selling price of 9.0200.

    At a forex bureau in Accra, Euro is being bought at a rate of 10.16 and sold at a rate of 10.42.

    The South African Rand is trading at a buying price of 0.5098 and a selling price of 0.5103 compared to yesterday’s trading of a buying price of 0.4685 and a selling price of 0.4690.

    At a forex bureau in Accra, South African Rand is being bought at a rate of 0.45 and sold at a rate of 0.80.

    The Nigerian Naira is trading at a buying price of 48.0951 and a selling price of 48.2279 as compared to yesterday’s trading of a buying price of 48.3174 and a selling price of 48.3873.

    At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 12.00 Naira for every 1 Cedi and sold at a rate of 15.50.

  • Armed robbers raid forex bureau close to Police headquarters

    Two armed men on a motorbike broke into a forex bureau close to the Police Headquarters in Osu in broad daylight and bolted with a sum of money on Wednesday, June 9.

    A video of the incident which has since gone viral shows the two robbers raid the forex bureau in a matter of minutes and flee the scene on a motorcycle, firing warning shots into the air.

    The security man at post stood in shock as the robbers rode past him and also made way through thick traffic while there was a policeman at post at the traffic light at the time the incident occurred.

    An eyewitness account of the incident complained about how the police whose office was not far from the scene of the incident failed to pursue the robbers.

    Despite firing the warning shots, no casualty was recorded.

    Elsewhere in Accra on the same day, another robbery case was recorded where a 34-year-old man was robbed and shot at Pigfarm.

    Apparently, the robbers had tracked him and eventually stopped him at the Pigfarm roundabout where they asked him to surrender his valuables.

    He, however, insisted and was shot in the stomach by the robbers who managed to flee the scene.

    The unidentified victim is currently receiving treatment at the 37 Military Hospital.

    https://twitter.com/pendeegh/status/1402651147488407556?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1402696263439687688%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fwww.ghanaweb.com%2FGhanaHomePage%2FNewsArchive%2FArmed-robbers-raid-forex-bureau-close-to-Police-headquarters-1282885
    https://twitter.com/pendeegh/status/1402651147488407556?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1402651147488407556%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.ghanaweb.com%2FGhanaHomePage%2FNewsArchive%2FArmed-robbers-raid-forex-bureau-close-to-Police-headquarters-1282885

    Source: www.ghanaweb.com