By: Franklin ASARE-DONKOH
Per the Bank of Ghana (BoG) rate, the exchange rate in Ghana as of December 29, 2025, ended at 11.0945 (buying) and 11.1056 (selling) to a dollar.
Comparing the current year BoG rate to that of 2024, which ended at GHS 14.70 per USD, and to the GHS 11.91 year-end value in 2023, December 29, 2025, recorded the lowest in a three-year roll.
On December 29, 2025, the BoG interbank rate for the British Pound (GBP) to Ghanaian Cedi (GHS) was approximately 14.9122 GHS to 1 GBP, showing recent stability with slight fluctuations around the 15 GHS mark. This reflects a period where the pound was slightly weaker than earlier in December but still held value against the Cedi after some Bank of England rate cut hints.
The BoG interbank exchange rate for Pound Sterling (GBP) to Ghanaian Cedi (GHS) in the same period in 2024 was approximately GH¢19.3952 (mid-rate), with a buying rate around GH¢19.3847 and a selling rate around GH¢19.4057. Forex bureaus offered higher rates, such as GH¢20.60 for GBP, reflecting typical market variations.
The December 2025 rate comes on the back of a recent commitment by the government to strengthen the local currency.
President John Dramani Mahama, addressing participants during the Cedi at 60 International Currency Conference in Accra on Tuesday, November 18, 2025, said that the cedi has gained a lot of respect from Ghanaians lately, owing to the good work being done by the current leadership of the Bank of Ghana.
He observed that currently, people are quoted in Cedi even for services such as rent, unlike previously, when almost everything was quoted in dollars.
President Mahama further urged the central bank to continue doing what it has done to attract respect for the local currency.
“Ghanaians are grateful to you [Bank of Ghana] for the management of the cedi; a lot of respect has returned to our currency. Whatever you have been doing, continue doing so that the Cedi is respected,” he added.
