The cedi continues to depreciate against the U.S. dollar on the foreign exchange market, with rates rising steadily.
As of the close of business on March 4, 2025, the average rate for $1 stood at ₵15.81, up from ₵15.55 three months ago.
Since the beginning of the year, when the cedi traded at ₵14.40 to a dollar, it has depreciated by approximately 7.9%.
Below are the exchange rates quoted by different market operators:
Bank Rates:
- CalBank – ₵15.67
- Stanbic Bank – ₵15.66
- Zenith Bank – ₵15.66
- NIB – ₵15.66
- OmniBSIC – ₵15.66
- Absa – ₵15.65
- Fidelity – ₵15.65
- CBG – ₵15.64
- GCB – ₵15.60
- Standard Chartered – ₵15.60
- GTBank – ₵15.60
- Ecobank – ₵15.60
- Access Bank – ₵15.59
- Bank of Ghana (Reference Rate) – ₵15.53
Card & Digital Platform Rates:
- Mastercard – ₵16.64
- Visa – ₵16.64
- Eversend – ₵16.39
- Wewire – ₵16.08
Authorities continue to monitor the cedi’s performance as businesses and consumers adjust to the evolving exchange rate dynamics.
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