Audio By Carbonatix
The Ghana cedi weakened against the US dollar, euro and British pound in the week ending July 31, 2026, with the euro posting the largest gain against the local currency.
The Bank of Ghana (BoG) interbank exchange rate data showed all three major currencies appreciated against the cedi between July 27 and July 31.
The US dollar buying rate rose to GHc11.6801 on July 31 from GHc11.6292 on July 27, while the selling rate increased to GHc 11.6917 from GHc 11.6408.
Based on the buying rate, the cedi depreciated by about 0.44 per cent against the dollar over the period.
The euro recorded the strongest weekly gain.
Its buying rate climbed to GHc13.45 on July 31 from GHc13.24 at the start of the week, while the selling rate rose to GHc 13.48 from GHS 13.25.
The cedi consequently lost about 1.7 per cent against the single European currency.
The British pound also strengthened against the cedi.
The buying rate increased to GHc 15.73 on July 31 from GHc 15.5180 on July 27, while the selling rate rose to GHc 15.74 from GHc 15.53.
The cedi depreciated by about 1.38 per cent against the pound during the week.
The dollar recorded steady gains throughout the period, while the euro and the pound registered sharper increases toward the end of the week.
On July 31, the euro buying rate rose to GHc 13.45 from GHc 13.26 the previous day, while the pound buying rate increased to GHc 15.73 from GHc 15.48.
By the close of trading on July 31, the pound remained the highest-valued of the three currencies, with a selling rate of GHc 15.74, followed by the euro at GHc 13.48 and the US dollar at GHc 11.6917.
Overall, the cedi recorded its steepest weekly depreciation against the euro, followed by the pound, while its decline against the US dollar was comparatively modest.
Latest Stories
-
GARID project delaying rehabilitation of Kaneshie footbridges – AMA Mayor
1 minute -
John Boadu pledges support to make Bawumia Ghana’s next President
4 minutes -
Mahama, Jamaican leaders hold bilateral talks to deepen Ghana-Jamaica ties
8 minutes -
Community media key to Ghana’s cyber resilience – Deputy Communications Minister
12 minutes -
Mahama to push for Caribbean inclusion in AfCFTA as AU Chairman
15 minutes -
NPP must reclaim intellectual advantage from NDC – Mustapha Abdul-Hamid
19 minutes -
NDC doesn’t have to fail for Bawumia to win 2028 elections – Kpandai MP
23 minutes -
Sedina Tamakloe case: Prosecution appeared focused on conviction, not justice – Inusah Fuseini
28 minutes -
Two killed, six injured in fiery multi-vehicle crash near Bunso Junction
33 minutes -
ECG announces power outage in parts of Tema over network fault
37 minutes -
NPP secures police approval for August 6 protest over Sedina Tamakloe acquittal
38 minutes -
300-seat Parliament will burden the state, says Inusah Fuseini
42 minutes -
Ghana Reference Rate climbs to 10.61% in August, signalling fresh pressure on borrowing costs
47 minutes -
Fuel price relief measures may not be sustainable in the long term – COPEC
54 minutes -
Court of Appeal erred in acquitting Sedina Tamakloe – Baffour Awuah
1 hour