The dollar-to-cedi exchange rate for August 15th, 2024, has crossed the $1 to GHS16.00 mark in forex bureaus. Aboki is quoting a selling rate of GHS16.10 for a dollar, compared to the GHS15.75 quoted by GCB. The Bank of Ghana, which is the average interbank rate, is pegged at a selling rate of GHS 15.14 per dollar.
Rates from banks and money transfer service providers published by Cedirate.com show that the various actors have quoted different dollar Cedi exchange rates. Binance rates quoted and captured by Google peg the average exchange rate at 15.67 Ghanaian cedi.
The selling rates quoted by VISA and Master card are the highest on the market. Their GHS16.79 means people paying online via their platforms will be paying more cedis in exchange for dollar equivalents to enable them to make direct transfers from their cards.
READ: Bring Dollar Down to GHC10 in 2 Weeks or Face Demonstration
Below are the rates available.
| Name | Type | Buying | Selling | MidRate |
|---|---|---|---|---|
| LemFi | Money Transfer | 15.53 | – | – |
| Afriex | Money Transfer | 15.61 | – | – |
| KuCoin P2P | Crypto Exchange | 16.32 | 15.99 | – |
| Binance P2P | Crypto Exchange | 16.05 | 16.05 | – |
| Aboki | Forex Bureau | 15.80 | 16.10 | 15.95 |
| Western Union | Money Transfer | 15.73 | – | – |
| Remitly | Money Transfer | 15.65 | – | – |
| Revolut | Money Transfer | 15.59 | – | – |
| OA Pay | Money Transfer | 15.50 | – | – |
| CBG Bank | Commercial Bank | 15.40 | 15.88 | 15.64 |
| GCB Bank | Commercial Bank | 15.35 | 15.75 | 15.55 |
| Soundwave | Money Transfer | 15.34 | – | – |
| Access Bank | Commercial Bank | 15.25 | – | – |
| Stanbic Bank | Commercial Bank | 15.20 | 15.80 | 15.50 |
| Absa Bank | Commercial Bank | 15.20 | 15.80 | 15.50 |
| Zenith Bank | Commercial Bank | 15.19 | 15.80 | 15.49 |
| GTBank | Commercial Bank | 15.15 | 15.78 | 15.46 |
| Wise | Money Transfer | 15.13 | – | – |
| Bank of Ghana | Central Bank | 15.12 | 15.14 | 15.13 |
| Fidelity Bank | Commercial Bank | 15.10 | 15.73 | 15.41 |
| UBA | Commercial Bank | 15.10 | 15.82 | 15.46 |
| WorldRemit | Money Transfer | 15.08 | – | – |
| Ecobank | Commercial Bank | 15.00 | 15.70 | 15.35 |
| CalBank | Commercial Bank | 15.00 | 15.85 | 15.42 |
| Standard Chartered | Commercial Bank | – | 15.82 | – |
| Visa | Payment Processor | – | 16.79 | – |
| Mastercard | Payment Processor | – | 16.79 | – |
