The Ghanaian cedi strengthened against the US dollar on Tuesday, November 10, 2026, as its average buying rate improved to GH¢11.84 per dollar from GH¢11.89 the previous day. The selling rate was quoted at GH¢12.16 per dollar, according to exchange rate data published by Cedirates.com, a Ghanaian platform that tracks daily currency and fuel prices. The Bank of Ghana provided the corresponding interbank market rates.
The movement reflects mixed conditions across Ghana’s foreign exchange market, where rates vary among forex bureaus, the official interbank market, international remittance platforms and digital payment channels. The figures point to an improvement in the cedi’s average buying rate, even as the selling rate moved in a different direction, underlining the continued volatility in the market.
Cross rates for the pound and euro
At forex bureaus, the British pound traded at GH¢15.51 for buying and GH¢16.37 for selling, equivalent to approximately $1.31 and $1.38 respectively at the average cedi buying rate. The Bank of Ghana’s interbank rate for the pound stood at GH¢15.69, or about $1.33.
The euro was quoted at GH¢13.02 for buying and GH¢13.81 for selling at forex bureaus, equivalent to roughly $1.10 and $1.17. Its interbank rate was GH¢13.10, or approximately $1.11.
Remittance and card rates diverge
For international remittances, LemFi offered GH¢11.68 per dollar and Taptap Send quoted GH¢11.70. Both platforms priced the pound at GH¢15.75, equivalent to about $1.33, while their euro rates stood at GH¢13.12 and GH¢13.13, or approximately $1.11 each.
Consumers paying for digital subscriptions such as Netflix, Spotify and Apple Music faced a different rate altogether, with Visa and Mastercard applying GH¢12.58 per dollar each. The spread highlights how conversion costs differ depending on the channel used to obtain foreign currency or settle international payments.
Inflation edges higher ahead of policy decision
The cedi’s latest movements come amid renewed inflationary pressure. Annual inflation rose to 5.5% in October 2026, its highest level in 11 months, up from 5.2% in September, ahead of the Bank of Ghana’s November monetary policy decision. The increase reflected stronger price pressures in non-food items and services, although food inflation moderated over the period.
The Bank of Ghana has held its policy rate at 14% since March while monitoring inflation developments. Its next monetary policy decision was scheduled for November 18, 2026.
Cedi recovers after September slump
The cedi gained 0.60% against the dollar in October, offering some relief after significant depreciation in September. Official exchange rate figures showed the currency improving from GH¢11.71 per dollar at the end of September to GH¢11.64 at the end of October.
The appreciation marked a recovery after the cedi recorded the largest depreciation among the African currencies examined in September. Its October gain placed it marginally ahead of the Liberian dollar in the monthly ranking. Only nine of the 54 country-level entries examined recorded gains against the dollar during the month, while 39 depreciated and six remained unchanged.
For households and businesses alike, the latest data underscore a market in which the cedi’s direction can shift from day to day and where the cost of foreign currency depends heavily on where it is sourced.
