Cedi buys at 15.5122 to a Dollar and sells at 15.5278 per BoG rate on Wednesday

On Wednesday, March 5, the Bank of Ghana (BoG) set the Cedi’s exchange rate at 15.5122 per Dollar (buying) and 15.5278 (selling), slightly improving from Tuesday’s rate. The Cedi trades at 19.7223/19.7435 to the Pound and 16.3088/16.3237 to the Euro.

Newly appointed BoG Governor Dr. Johnson Asiama has prioritized exchange rate stability and announced key interventions, including a new foreign exchange law, deeper Pan-African trade integration, and leveraging gold reserves to support the Cedi.

He emphasized ending currency speculation, improving forex market transparency, and enhancing remittance flows. These efforts aim to build a resilient forex market, boosting investor confidence.