Ghana Cedi Opens February Trading at GH¢10.95

The Ghana cedi began trading in the first week of February 2026 at GH¢10.95 per US$1 in the Bank of Ghana’s interbank foreign exchange market.

Data released by the central bank on Monday, February 2, 2026, showed the dollar trading at a buying rate of GH¢10.94 and a selling rate of GH¢10.95, indicating a narrow spread on the official market.

Other major currencies recorded slight movements.

The euro was traded at GH¢13.00 for buying and GH¢13.01 for selling, while the pound sterling traded at GH¢15.01 on the buying side and GH¢15.03 on the selling side.

The Ghana cedi began trading in the first week of February 2026 at GH¢10.95 per US$1 in the Bank of Ghana's interbank foreign exchange market. — Ghana Cedi Opens February Trading at GH¢10.95. Credit: Techpoint Africa

However, exchange rates at forex bureaus were significantly higher, pointing to continued pressure on the cedi. The US dollar was bought at about GH¢11.75 and sold at GH¢12.10, well above the central bank’s interbank rates.

At the bureaus, the euro traded between GH¢13.40 and GH¢14.30, while the pound sterling ranged from GH¢15.40 to GH¢16.30.

Market analysts report that higher bureau rates reflect strong demand for foreign currency amid limited supply, a trend often observed at the start of a new financial year as businesses increase import activity.

Exchange Rates

Bank of Ghana Interbank Market

Dollar: Buy GH¢10.94 | Sell GH¢10.95
Pound: Buy GH¢15.01 | Sell GH¢15.03
Euro: Buy GH¢13.00 | Sell GH¢13.01

Forex Bureaus

Dollar: Buy GH¢11.75 | Sell GH¢12.10
Pound: Buy GH¢15.40 | Sell GH¢16.30
Euro: Buy GH¢13.40 | Sell GH¢14.30

Author

Jimisayo Opanuga

Jimisayo Opanuga is a web writer in the Digital Department at News Central TV, where she covers African and international stories. Her reporting focuses on social issues, health, justice, and the environment, alongside general-interest news. She is passionate about telling stories that inform the public and give voice to underreported communities.