The USD/GHS exchange rate was unchanged at 10.4502 on July 23, 2025. Over the past month, the Ghanaian Cedi has weakened 1.00%, but it's up by 32.58% over the last 12 months. Ghanaian Cedi - values, historical data, forecasts and news - updated on July of 2025.

In 2023, one U.S. dollar was forecast to be exchanged for 11.2 Ghanaian cedis (GHS), on average. In the previous year, the rate was estimated at 8.4 GHS, up from 5.6 GHS in 2020. By the steadily increasing exchange rate, a person with 100 U.S. dollars was expected to receive approximately 1,120 GHS in 2023.

Key information about Ghana Exchange Rate against USD

• Ghana Exchange Rate against USD averaged 15.486 (USD/GHS) in Feb 2025, compared with 14.972 USD/GHS in the previous month.
• Ghana Exchange Rate against USD data is updated monthly, available from Jan 1957 to Feb 2025.
• The data reached an all-time high of 15.989 in Oct 2024 and a record low of 0.000 in Jun 1967.

CEIC extends history for monthly average Exchange Rate against USD. The Bank of Ghana provides average Exchange Rate against USD. Exchange Rate against USD prior to July 1971 is sourced from the International Monetary Fund.


Key information about Ghana Exchange Rate against USD

• In the latest reports, Ghana Short Term Interest Rate: Month Avg: Ghana: Treasury Bills Rate: 91 Days was reported at 25.800 % pa in Oct 2024.
• Its Long Term Interest Rate (Long Term Interest Rate: Month Avg: Ghana: Government Bond Yield: 10 Years) was reported at 29.850 % pa in Nov 2024.
• The cash rate (Policy Rate: Month End: Ghana) was set at 29.500 % pa in Jun 2023.

As of June 2020, the Ghana cedi appreciated by 2.42 percent against the U.S. dollar and by 2.41 percent against the euro. On the other hand, it depreciated against the British pound by 4.27 percent. In December 2019, the Ghanaian currency appreciated by 14.81 against the U.S. dollar, which was a noticeable rate of increase compared to the same period in 2018.

The currency chart for Ghana shows historical data for the Ghanaian cedis per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Ghanaian cedis per USD. Depreciation implies that goods from Ghana...

Prices for GHSUSD Ghanaian Cedi US Dollar including live quotes, historical charts and news. GHSUSD Ghanaian Cedi US Dollar was last updated by Trading Economics this July 23 of 2025.

India Foreign Exchange Rate: RBI: Ghana Cedi data was reported at 15.278 INR/GHC in Oct 2018. This records an increase from the previous number of 15.169 INR/GHC for Sep 2018. India Foreign Exchange Rate: RBI: Ghana Cedi data is updated monthly, averaging 3.025 INR/GHC from May 1966 (Median) to Oct 2018, with 630 observations. The data reached an all-time high of 43.657 INR/GHC in Aug 2007 and a record low of 0.004 INR/GHC in Jun 2007. India Foreign Exchange Rate: RBI: Ghana Cedi data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.MC003: Foreign Exchange Rate: Monthly Average.

Ghana GH: Official Rate: End of Period: National Currency per USD data was reported at 4.416 GHS/USD in 2017. This records an increase from the previous number of 4.200 GHS/USD for 2016. Ghana GH: Official Rate: End of Period: National Currency per USD data is updated yearly, averaging 0.004 GHS/USD from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 4.416 GHS/USD in 2017 and a record low of 0.000 GHS/USD in 1966. Ghana GH: Official Rate: End of Period: National Currency per USD data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Ghana – Table GH.IMF.IFS: Foreign Exchange Rates: Annual.

GDP, billion currency units in Ghana, December, 2024 The most recent value is 331.15 billion Ghanaian cedi as of Q4 2024, an increase compared to the previous value of 287.53 billion Ghanaian cedi. Historically, the average for Ghana from Q1 2009 to Q4 2024 is 83.81 billion Ghanaian cedi. The minimum of 7.68 billion Ghanaian cedi was recorded in Q1 2009, while the maximum of 331.15 billion Ghanaian cedi was reached in Q4 2024. | TheGlobalEconomy.com

Private sector credit, billion currency units in Ghana, February, 2025 The most recent value is 93.67 billion Ghanaian cedi as of February 2025, an increase compared to the previous value of 93.59 billion Ghanaian cedi. Historically, the average for Ghana from December 2008 to February 2025 is 35.12 billion Ghanaian cedi. The minimum of 4.88 billion Ghanaian cedi was recorded in December 2008, while the maximum of 95.69 billion Ghanaian cedi was reached in November 2024. | TheGlobalEconomy.com

Government expenditure, billion currency units in Ghana, December, 2024 The most recent value is 16.01 billion Ghanaian cedi as of Q4 2024, an increase compared to the previous value of 14.59 billion Ghanaian cedi. Historically, the average for Ghana from Q1 2013 to Q4 2024 is 6.98 billion Ghanaian cedi. The minimum of 2.12 billion Ghanaian cedi was recorded in Q1 2013, while the maximum of 16.01 billion Ghanaian cedi was reached in Q4 2024. | TheGlobalEconomy.com

Ghana GH: Official Rate: End of Period: National Currency per SDR data was reported at 6.288 GHS/XDR in 2017. This records an increase from the previous number of 5.646 GHS/XDR for 2016. Ghana GH: Official Rate: End of Period: National Currency per SDR data is updated yearly, averaging 0.004 GHS/XDR from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 6.288 GHS/XDR in 2017 and a record low of 0.000 GHS/XDR in 1966. Ghana GH: Official Rate: End of Period: National Currency per SDR data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Ghana – Table GH.IMF.IFS: Foreign Exchange Rates: Annual.

Household consumption, billion currency units in Ghana, December, 2024 The most recent value is 272.33 billion Ghanaian cedi as of Q4 2024, an increase compared to the previous value of 234.9 billion Ghanaian cedi. Historically, the average for Ghana from Q1 2013 to Q4 2024 is 85.16 billion Ghanaian cedi. The minimum of 22.35 billion Ghanaian cedi was recorded in Q1 2013, while the maximum of 272.33 billion Ghanaian cedi was reached in Q4 2024. | TheGlobalEconomy.com

Ghana GH: Official Exchange Rate: Average: per USD data was reported at 4.351 GHS/USD in 2017. This records an increase from the previous number of 3.910 GHS/USD for 2016. Ghana GH: Official Exchange Rate: Average: per USD data is updated yearly, averaging 0.024 GHS/USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 4.351 GHS/USD in 2017 and a record low of 0.000 GHS/USD in 1966. Ghana GH: Official Exchange Rate: Average: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;

In 2023, e-money transactions in Ghana yielded a value reaching nearly ************ Ghanaian cedis (GHS), approximately *********** U.S. dollars. This was a significant increase compared to the preceding year, continuing the steadily rising trend visible from 2018 onwards.

In 2023, mobile banking transactions in Ghana exceeded 80 billion Ghanaian cedis (GHS), approximately 5.1 billion U.S. dollars. In the previous year, the amount stood at nearly 38.5 billion GHS, representing a continuous significant rise since 2018.

Ghana Foreign Exchange Rate: End of Period: US Dollar data was reported at 4.951 GHS/USD in Jan 2019. This records an increase from the previous number of 4.820 GHS/USD for Dec 2018. Ghana Foreign Exchange Rate: End of Period: US Dollar data is updated monthly, averaging 1.967 GHS/USD from Jul 2007 (Median) to Jan 2019, with 139 observations. The data reached an all-time high of 4.951 GHS/USD in Jan 2019 and a record low of 0.929 GHS/USD in Jul 2007. Ghana Foreign Exchange Rate: End of Period: US Dollar data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.M007: Foreign Exchange Rates.

In 2023, internet banking transactions in Ghana accumulated a value reaching nearly 99 billion Ghanain cedis (GHS), approximately 6.3 billion U.S. dollars. In the previous year, the amount stood at around 80.4 billion GHS, representing a continuous rise since 2018.

In 2021, the inflation rate in Ghana amounted to about 9.98 percent compared to the previous year. Ghana’s inflation peaked at almost 17.5 percent in 2016 and is predicted to decrease to 8 percent by 2030. Steady is best for inflationAccording to economists, a steady inflation rate between two and three percent is desirable to achieve a stable economy in a country. Inflation is the increase in the price level of consumer goods and services over a certain time period. A high inflation rate is often caused by excessive money supply and can turn into hyperinflation, i.e. if inflation occurs too quickly and rapidly, it can devalue currency and cause a recession and even economic collapse. This scenario is currently taking place in Venezuela , for example. The opposite of inflation, the decrease in the price level of goods and services below zero percent, is called deflation. While hyperinflation devalues money, deflation usually increases its value. Both events can damage an economy severely. Is Ghana’s economy at risk?Ghana’s economy is considered quite stable and fast-growing, and is rich in oil, diamonds, and gold. After struggling in the years around 2015 due to increased government spending and plummeting oil prices, it is now on an upswing again. This is also reflected in the decreasing inflation rate, and other key indicators like unemployment and rapid GDP growth support this theory. However, Ghana’s government debt is still struggling with the consequences of the 2015 crisis and forecast to keep skyrocketing during the next few years.

In 2023, the value added by the agricultural sector to Ghana's nominal gross domestic product (GDP) increased to approximately 177.6 billion Ghanaian cedis (GHS) (around 11.7 billion U.S. dollars). This showed a significant increase compared to the value registered in 2013.