By: Franklin ASARE-DONKOH
The Ghana cedi experienced a slight dip against the US dollar during Friday’s trading session, April 10, 2026, maintaining a trend of relative stability characterized by only marginal depreciation.
In the interbank market, the Bank of Ghana pegged the mid-rate at GH¢11.02, a fractional shift from the previous day’s close.
Commercial banks followed suit with narrow spreads; major lenders like Stanbic and GCB Bank quoted selling rates between GH¢11.15 and GH¢11.60, depending on whether the transaction involved electronic transfers or physical cash.
Market analysts attribute this “marginal” movement to a balanced demand for forex from the commerce sector and steady inflows from remittance service providers, which are currently holding firm at an average of GH¢11.02 per dollar.
While the retail (forex bureau) market saw slightly higher rates, peaking near GH¢11.68, the overall volatility remained low.
The pound sterling was buying at 14.8079 and selling at 14.8238. The euro was buying at 12.8977 and selling at 12.9105.
The cedi’s performance today suggests a cooling period for the local currency, providing a brief window of predictability for importers and businesses operating in the capital.
