Despite efforts by the government and the Bank of Ghana to stabilise the local currency, the cedi continues to face pressure on the black market, where the US dollar is currently selling for over GH¢11.

Checks by GhanaWeb Business on August 6, 2025, reveal that the dollar is being sold at GH¢11.50 on the black market, higher than the rates on both the interbank and official forex markets.

As of 9:00 AM on August 7, 2025, the official interbank rate shows the cedi trading at GH¢10.54 (buying) and GH¢10.55 (selling) to the dollar.

A black market operator, who spoke on condition of anonymity, explained to GhanaWeb Business that street-level foreign exchange trading often differs from the official rates published by the Bank of Ghana.

Cedi firms at GH¢10.50 to $1 on interbank market on August 8

“There is strong demand. People are drawn to the black market because it's more profitable,” he noted.

He added that current black market rates stand at GH¢11.50 to the dollar, GH¢15 to the British pound, and GH¢13 to the euro.

Meanwhile, the Bank of Ghana continues to implement measures aimed at curbing illicit forex trading.

The Governor of the Central Bank, Dr Johnson Asiama, has cautioned the public against relying on black market projections to determine future exchange rate expectations.

Listen to the black market price of the cedi by an operator



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