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As of November 26, 2024, the exchange rate between the US Dollar and the Ghanaian Cedi reflects slight changes, with the Cedi appreciating marginally in some markets. Here’s a detailed breakdown of the rates across various platforms and institutions, offering insights into buying and selling rates for today.
Bank of Ghana Exchange Rate
The Bank of Ghana (BoG) offers the most competitive rates for interbank transactions.
- Buying Rate: GHS 15.73
- Selling Rate: GHS 15.73
These rates are calculated as an average of interbank market activity and provide a baseline for other financial institutions.
Highest and Lowest Rates
- Highest Buying Rate: GHS 16.39 (offered by KuCoin P2P)
- Lowest Buying Rate: GHS 13.25 (offered by Afriex)
- Highest Selling Rate: GHS 17.00 (offered by Afriex)
- Lowest Selling Rate: GHS 15.73 (offered by the Bank of Ghana)
Detailed Exchange Rates by Institution
| Institution/Platform | Buying Rate (GHS) | Selling Rate (GHS) |
|---|---|---|
| LemFi | 15.75 | – |
| Afriex | 13.25 | 17.00 |
| Mastercard | – | 16.96 |
| Visa | – | 16.91 |
| Aboki | 15.80 | 16.40 |
| Binance P2P | 16.33 | 16.32 |
| KuCoin P2P | 16.39 | 16.22 |
| CalBank | 15.45 | 15.95 |
| Standard Chartered | 15.50 | 15.90 |
| Zenith Bank | – | 15.93 |
| Stanbic Bank | 15.50 | 15.90 |
| CBG Bank | 15.75 | 15.90 |
| Fidelity Bank | 15.48 | 15.85 |
| UBA | 15.50 | 15.85 |
| GTBank | 15.50 | 15.85 |
| Absa Bank | 15.40 | 15.83 |
| Access Bank | 15.50 | 15.82 |
| Ecobank | 15.25 | 15.80 |
| GCB Bank | 15.60 | 15.80 |
| Western Union | 15.78 | – |
| WorldRemit | 15.59 | – |
| Remitly | 15.69 | – |
| Wise | 15.61 | – |
| Taptap Send | 15.75 | – |
| Sendwave | 15.65 | – |
| Revolut | 15.89 | – |
| PayAngel | 15.75 | – |
Market Trends and Projections
As the festive season approaches and with the December 7th elections nearing, the exchange rate is expected to experience fluctuations. While the Cedi has shown some resilience recently, the demand for foreign currency during the holidays may lead to further depreciation.
Conclusion
Stay updated on exchange rates to make informed financial decisions. Whether you’re a business owner, traveler, or remittance recipient, knowing where to get the best rates can help you save money.
