Are you finding it difficult knowing Bank of Ghana exchange rate today? No need to worry, we have put together BOG exchange rates from Euros, US Dollars, British Pound, Canadian and Australian Dollars and more to Ghana Cedis.
BOG regulates all activities when it comes to monetary activities and exchange rates in Ghana. Their exchange rates reflect what one will earn in the market when you convert a currency to the other. This article provides you with in-depth information on Bank of Ghana’s current exchange rate. You can use these rates to estimate your income and earnings.
Before we dive into details of our main subject for discussion in this article, let’s first take a look at little history behind the Ghana Cedis currency.
Ghana Cedis (GHS/ GH₵) is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas (Gp). Ghana’s currency before independence was British West African Pounds. Between 1958-1965, our first currency after independence was Ghanaian Pound.
Later in July 1965, Ghana’s first President, Dr. Kwame Nkrumah introduced Cedis notes and Pesewa coins. These replaced the Ghanaian Pounds, Shillings and Pence. This currency was gradually phase out in 2017 for “Ghana Cedis” which became the highest-denominated current unit issued in Africa.
Bank of Ghana Exchange Rate Today
These figure you see below are not our own forged number but from the official website of BOG. In here, there are different currency units paired to Ghana Cedis. Below are the rates;
|New Zealand Dollar||NZD||4.1732||4.1785|
However, these rate you see above are not static, it changes on daily basis. BOG website computes the daily exchange rates submitted by all banks in Ghana based on all US$/GH¢ transactions before 2:00pm each day.
These data includes all daily transactions with their clients as well as on the interbank market that have nominal values of US$10,000 or more. The data submitted by all the banks is used to compute the weighted average exchange rate.
Importantly, the weighted exchange rate is published on the BOG website, as the closing rate for the day’s transactions.