Forex Bureau

Cedi Sells $1 At GH¢16.30 At BoG, GH¢17.20 At Major Forex Bureaus
12 Nov

Cedi Sells $1 At GH¢16.30 At BoG, GH¢17.20 At Major Forex Bureaus

Wontumi1Business, ,
Ghana’s local currency continues to experience persistent depreciation against major trading currencies such as the US dollar. The cedi, which has been under pressure throughout the year, recorded relative stability in July this year, while inflationary pressures continued declining. As of November 12, 2024, the Bank of Ghana is buying $1 at GH¢16.29 and selling at GH¢16.30. The British Pound is being bought at GH¢20.96 and sold at GH¢20.98 while the Euro is being bought GH¢17.35 and sold at GH¢17.37. However, checks by GhanaWeb Business as of November 12, 2024, at 10:00 AM show that the cedi is trading at…
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Forex Bureaux To Verify Ghana Cards, Passports Before Transactions Effective August 1
01 Aug

Forex Bureaux To Verify Ghana Cards, Passports Before Transactions Effective August 1

Wontumi1Business
The Bank of Ghana has announced an update to its foreign exchange trading system, introducing a centralised platform aimed at ensuring the integrity and development of the financial system. Effective August 1, 2024, all licensed Foreign Exchange Bureaux in Ghana will be required to verify customer identities using Ghana Cards or Passports before conducting any transactions. This new platform is a major milestone in the Bank of Ghana’s efforts to promote safe and sound operations within the foreign exchange market. The initiative is designed to improve oversight for Directors and Management of the bureaux, and enhance the Bank’s ability to…
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