If you are looking for information on BOG exchange rates, you have come to the right place. The Bank of Ghana is the central bank of Ghana, responsible for maintaining price stability and promoting economic growth.
What is the Bank of Ghana Exchange Rates?
BOG exchange rates are the official exchange rates for the Ghanaian cedi (GHS) against other currencies, including the US dollar (USD), the British pound (GBP), the Euro (EUR), Dollar to cedi, and many others. These exchange rates convert one currency to another for various purposes, including trade, investment, and tourism.
How are Exchange Rates Calculated?
The exchange rates are calculated using a weighted average method, which considers the volume and value of transactions in the interbank foreign exchange market. The weighted exchange rate is then published on the official website as the closing rate for the day’s transactions.
Where to Find Exchange Rates?
The exchange rates are available on the Bank of Ghana website. The website provides various currencies’ daily, weekly, monthly, and yearly exchange rates. You can access the exchange rates by visiting the Treasury and Markets section of the website. You can also find historical exchange rates in the Economic Data section of the website.
Exchange Rates in Ghana Today
Here are the current average interbank exchange rates by commercial banks for transactions published by the Bank of Ghana as of Wednesday, March 24, 2023.
| Currency | Symbols | Buying | Selling | Mid Rate |
| 1 US Dollar to Ghana Cedis | (USD) $ 1 | Ȼ 11.0088 | Ȼ 11.0198 | 11.0143 |
| 1 Pound Sterling to Ghana Cedis | (GBP) £ 1 | Ȼ 13.4605 | Ȼ 13.4750 | 13.4678 |
| 1 EURO to Ghana Cedis | (EURO) € 1 | Ȼ 11.8375 | Ȼ 11.8483 | 11.8429 |
NB: This chart will be updated on a daily basis; check black market dollar to cedis rates.
Bank of Ghana is working with other stakeholders including law enforcement agencies to discourage and penalize the activities of illegal foreign exchange operators in the country.
What is Other Economic Data Available on the Bank of Ghana Website?
The BOG website provides various economic data, including merchandise trade flows, monetary surveys, exchange rates, real sector indicators, commodity prices, financial soundness indicators, and more. In addition to exchange rates, you can also find daily interbank FX rates, Bank of Ghana bill rates, interbank interest rates, weekly GOG T-Bills auction results, and weekly BOG bills auction results.
Conclusion
Bank of Ghana exchange rates are the official exchange rates for the Ghanaian cedi against other currencies. They are calculated using a weighted average method and published on the website. In addition to exchange rates, the website provides a wealth of economic data for researchers, policymakers, and investors. If you need to convert currencies for trade, investment, or tourism, check the bog exchange rates before making any transactions.
FAQs
BOG exchange rates are the official exchange rates for the Ghanaian cedi against other currencies, including the US dollar, the British pound, the Euro, and many others.
BOG exchange rates are calculated using a weighted average method, which considers the volume and value of transactions in the interbank foreign exchange market.