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The Ghana cedi slipped slightly in early February trading, exchanging at GH¢10.97 to the US dollar on the Bank of Ghana’s interbank foreign exchange market on Wednesday, February 4, 2026.
Data from the central bank showed the US dollar at a buying rate of GH¢10.96 and a selling rate of GH¢10.97, indicating a narrow spread in the official market.
Other major currencies posted modest changes, with the euro quoted at GH¢12.94 (buying) and GH¢12.96 (selling), while the pound sterling traded at GH¢15.01 for buying and GH¢15.03 for selling.
Despite relative stability in the official market, rates at forex bureaus remained higher, reflecting continued pressure on the cedi.
The US dollar was being bought at GH¢11.50 and sold at GH¢11.90, while the euro ranged from GH¢13.30 to GH¢14.20, and the pound from GH¢15.40 to GH¢16.30.
Demand for foreign currency remains strong, particularly at the start of the financial year, as businesses step up import-related transactions.
The Bank of Ghana is expected to continue interventions to curb excessive volatility and stabilise the cedi.
