Reported by Victoria anima Akomea – 14/02/2024

The Bank of Ghana daily interbank Fx rates in Ghana are determined by computing the weighted average exchange rate based on data submitted by all banks. This data includes all spot US dollar to Ghanaian cedi transactions concluded before 2 pm on the reporting day, covering both interbank markets and transactions with clients with nominal values of $10,000 or more. The resulting weighted average exchange rate is then published on the Bank of Ghana website as the closing rate for the day’s transactions.