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
- Nigeria is currently engaged in a competitive landscape against South Africa, Ghana, Egypt, and Kenya for regional and foreign investment, with the Naira's performance being a key factor.
- Ghana seeks diplomatic opportunity and promotes economic cooperation during the Commonwealth gathering in Antigua.
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Bank of Ghana
central bank of Ghana
Related events
- Bank of Ghana manages Ghana's monetary policy, driving economic recovery through easing measures.
- The Bank of Ghana maintains its policy rate to guide inflation amid rising geopolitical tensions.
- Standard Bank is targeting growth in Nigerian, Ghanaian, and Côte d’Ivoire markets, supported by its global offices.
- Developments include Deloitte analyzing Ghana's economic recovery, the BoG urging banks to boost lending, and CMU deepening maritime education ties with GMA.