The Ghana Cedi has depreciated by about 19.6% to the US dollar on the interbank forex market as of July 2024, the Bank of Ghana has disclosed.
This is lower than the about 21% loss in value to the American greenback on the retail market.
According to the Central Bank’s July 2024 Summary of Financial and Economic Data, the cedi lost 7.7% in value to the dollar in March 2024 and depreciated by 10.5% against the dollar in April 2024.
It again lost 15.9% and 18.6% in value to the Dollar in June 2024 and July 2024 respectively.
Whilst it is going for GH¢15.60 on average against the dollar on the retail market, the Bank of Ghana is quoting one dollar as GH¢14.78.
INTERBANK FOREX RATES 💴💰
US$GH¢ Buy 14.8209 Sell 14.8357
GB£GH¢ Buy 19.0715 Sell 19.0921
CHFGH¢ Buy 16.7868 Sell 16.8020
AUD$GH¢ Buy 9.7208 Sell 9.7331
CAD$GH¢ Buy 10.7131 Sell 10.7235
JP¥GH¢ Buy 0.0964 Sell 0.0965
NZDGH¢ Buy 8.7367 Sell 8.7480
ZARGH¢ Buy 0.8112 Sell 0.8115
EU€GH¢ Buy 16.0995 Sell 16.1155
CHN¥GH¢ Buy 2.0444 Sell 2.0456
GH¢CFA Buy 40.7035 Sell 40.7439
GH¢NG₦ Buy 106.2812 Sell 109.6559
CRYPTOCURRENCY MARKET
Bitcoin $69,436.81 🔼3.32%
Ethereum $3,346.25 🔼4.22%
Binance Coin $591.31 🔼6.22%
Ripple $0.6075 🔼2.69%
Solana $591.31 🔼4.22%
Cardano $0.4219 🔼2.63%
Dogecoin $0.134 🔼4.02%
💵Bloomberg USDGHS Cross Rate – *15.4874* (YTD -🔺️-22.84%)
💰STANBIC BANK FOREX RATES💵
US$GH¢ Buy 15.0200 Sell 15.6000
ZARGH¢ Buy 0.8130 Sell 0.8653
GB£GH¢ Buy 19.2752 Sell 20.1193
EU€GH¢ Buy 16.2456 Sell 16.9728
🔼GSE DAILY GAINERS ➖ PRICE ➖ %CHANGE
EGL ➡️Gh¢1.55 🔼+3.33%
MTN ➡️Gh¢2.34 🔼+0.86%
🔻GSE DAILY LOSERS ➖ PRICE ➖ %CHANGE
No losers
〽Inflation rate in Ghana ➡️ 22.80%
🏦Ghana Reference Rate ➡️ 29.35%
✳Policy Rate in Ghana ➡️ 29.00%
¶ TREASURY RATES💸
91 – Day Discount Rate 23.3414% Interest Rate 24.7879%
182 – Day Discount Rate 23.5654% Interest Rate 26.7129%
364 – Day Discount Rate 21.7573% Interest Rate 27.8075%
🛢Petroleum Products – Average Price
🏗Petrol – Gh¢15.10/ltr (YTD🔺️+21.87%)
🛢Diesel – Gh¢15.25/ltr (YTD🔺️+17.40%)
⛽LPG – Gh¢14.00/kg (YTD🔺️+8.53%)
🏧MARKET INDEXES
*Dow Jones Index🚂⛽ 40,589.34 +654.27 +1.64%
*S&P 500 🏦 5,459.10 +59.88 +1.11%
*Nasdaq Index📲💻 17,357.88 +176.16 +1.03%
* NYSE Composite Index 18,564.48 +220.02 +1.20%
*London FTSE 8,285.71 +99.36 +1.21%
*Germany DAX 18,417.55 +118.83 +0.65%
*Japan NIKKEI 225 37,667.41 -202.10 -0.53%
*Tokyo TOPIX Index 2,699.54 -10.32 -0.38%
*Hong Kong HANG SENG 17,021.31 +16.34 +0.10%
*Shanghai Shenzhen 300 3,409.29 +10.02 +0.29%
*S&P/ASX 200 Index 7,921.27 +60.06 +0.76%
*S&P Europe 350 Index 2,083.06 +17.36 +0.84%
*France CAC All-Tradable 5,580.07 +70.85 +1.29%
*Dubai DFM General Index 4,280.34 +42.69 +1.01%
*MOEX Russia Index 3,123.43 +95.96 +3.17%
*FTSE/JSE South Africa 74,042.43 +355.18 +0.48%
*Nairobi SE 20 Share 1,674.10 -9.34 -0.55%
*Nigeria SE Main 98,201.49 -1,955.47 -1.95%
*GSE Composite Index 4,490.18 +25.04 +0.56%
*GSE Financial Index 2,094.90 +1.46 +0.07%
GSE INDEXES ⏸ 2024 YTD RETURNS%
*GSE Composite Index 4,490.18 🔼+43.45%
*GSE Financial Index 2,094.90 🔼+10.17%
🔼GSE 2024 GAINERS ➖ PRICE ➖ YTD%
UNIL ➡️Gh¢14.77 🔼 +82.12%
MTN ➡️Gh¢2.34 🔼+67.14%
GCB ➡️Gh¢5.60 🔼+64.71%
ACCESS ➡️Gh¢4.80 🔼+41.18%
GGBL ➡️Gh¢4.70 🔼+38.24%
TOTAL ➡️Gh¢12.33 🔼+37.00%
SCB ➡️Gh¢20.05 🔼+14.25%
🔻GSE 2024 LOSERS ➖ PRICE ➖ YTD%
EGL ➡️Gh¢1.55 🔻-35.15%
CAL ➡️Gh¢0.34 🔻-29.17%
MMH ➡️Gh¢0.10 🔻-9.09%
DASPHARMA ➡️Gh¢0.38 🔻-5.00%
SOGEGH ➡️Gh¢1.55 🔻-1.27%
COMMODITIES MARKET
*Brent Crude USD/barrel⛽ 81.13 -1.24 -1.51%
*Natural Gas 🏭 USD/millon BTUS 2.01 -0.04 -1.71%
*Gold 👑 USD/troy ounce 2,427.90 +28.00 +1.17%
*Silver 💍 USD/troy ounce 28.02 +0.05 +0.16%
*Corn 🌽 USd/bushel 410.00 -10.75 -2.56%
*Cocoa 🍫 USD/metric ton 6,955.00 +215.00 +3.19%
*Coffee ☕ USd/pound 230.25 -4.45 -1.90%
*Sugar🎂 USd/pound 18.42 -0.24 -1.29%
*Rubber USd/100kg 165.40 +1.90 +1.16%
Sources: Bank of Ghana, Bloomberg, GSE, Reuters, Citifm, Myjoyonline, Ghanaweb, Doobia, BBC, Graphic Business, B&FT, StarFmonline, Ghana News Agency, Norvan Reports.
