Citi News Explainer | Why exchange rates at banks and forex bureaux are higher than BoG’s

Have you ever wondered why forex rates are higher than those from the Bank of Ghana (BoG)? The answer lies in how foreign exchange operates.

Last week, the BoG reported that the cedi closed at GH₵10.28 to the US dollar. It was GH₵13.86 to the British pound and GH₵