Bank of Ghana sets new official exchange rate for Ghana cedi
What happened
The Bank of Ghana released new official exchange rates on October 13, 2026. The central bank set the rate at GHS 11.77 per US dollar, up from GHS 10.45 per dollar on December 31. According to Bank of Ghana reference rates, the Ghana cedi has lost 11.2% against the US dollar since January 1.
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Why it matters
The currency depreciation makes US goods more expensive in Ghana and increases the cost of imports. Accra business desks link the currency weakness to higher energy costs and increased dollar demand from companies.
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Who's involved
- GhanaThe country whose financial system is regulated by the central bank.
- Bank of GhanaThe central bank that set the official exchange rates.
- Ghana cediThe currency of Ghana whose official value was set.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GhanaSpeculative
Currency depreciation could increase the import costs and debt burden on the state.
- Ghana Ports and Harbours AuthoritySpeculative
Higher dollar cost might increase the operational costs of handling imported goods at the port.
Keep exploring
The entities involved
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Ghana
country in West Africa
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Bank of Ghana
central bank of Ghana
Related events
- Ghana's Bank of Ghana is issuing a new series of currency for circulation.
- The Bank of Ghana operates within the Ghanaian economy.
- The Bank of Ghana is regulating financial activities within the country and monitoring USD-denominated foreign currency wallets.
- The Bank of Ghana maintained its policy rate while Visa and Access Bank launched a new payment service, coinciding with cocoa price adjustments in Ghana.
- The World Bank published economic updates concerning Ghana, originating from the capital city of Accra.