Definition
USD/GHS is the foreign exchange rate that shows how many Ghanaian Cedis (GHS) you need to buy one US Dollar (USD).
USD/GHS represents the exchange rate showing how many Ghanaian Cedis are required to purchase one US Dollar.
When you see USD/GHS quoted at 10.84, it means one US Dollar costs 10.84 Ghanaian Cedis.
This currency pair allows traders and businesses to convert between these two currencies for international trade, investment, or speculation.
The rate changes constantly throughout trading hours based on supply and demand in the forex market.
Ghana uses the Cedi as its official currency, while the US Dollar serves as the world's primary reserve currency.
The exchange rate reflects the relative economic strength and market conditions of both countries.
Like other emerging market currencies, the Ghanaian Cedi experiences trading characteristics influenced by commodity prices, economic indicators, and global market sentiment.
In short: USD/GHS tells you how many Ghanaian Cedis equal one US Dollar at any given moment in the forex market.
Example in Action
On October 29, 2025, Ghanaian traders watching their screens saw the exchange rate hit 10.8744 cedis per dollar, marking a 0.22% climb from the day before. The interbank market showed a bid at 10.8446 and an ask at 10.8554.
This movement reflected ongoing volatility traders had tracked throughout 2025, with rates swinging between monthly highs and lows as the cedi continued its remarkable recovery. The exchange rate factors driving these fluctuations included shifts in commodity prices, foreign investment flows, and monetary policy adjustments by the Bank of Ghana.
Why It Matters
Every shift in the dollar-cedi exchange rate ripples through Ghana's economy in ways that touch ordinary citizens, business owners, and government planners alike.
When the cedi weakens, import costs climb, pushing up prices for fuel, food, and machinery. A stronger cedi makes Ghanaian exports like cocoa butter less competitive abroad, hurting farmers and exporters. Foreign investors watch these movements closely before committing capital to the country.
Just as the USD/KES exchange rate affects Kenya's economic landscape, similar currency dynamics shape trading relationships and investment decisions across African markets.
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