The Ghanaian cedi continues to show signs of depreciation against the British pound, with today’s rates (3 September 2025, 20:00) ranging between GHS 16.00 – GHS 16.35 per £1, according to sirrichie.com.
This steady weakening reflects broader pressures on the cedi, including:
High demand for foreign exchange as businesses and individuals increase imports and overseas payments.
Limited foreign reserves, which reduce the Bank of Ghana’s ability to stabilise the market.
Inflationary pressures that erode domestic currency value compared to stronger foreign currencies like the pound.
In practical terms, the depreciation means that Ghanaians now need more cedis to buy the same pound compared to earlier months. For example, a remittance of £100 through the highest-paying provider (Riz) now fetches GHS 1,635, while the same amount through Tap Tap delivers GHS 1,600—a 35 cedi difference.
The continued fall of the cedi highlights the importance for individuals and businesses to compare providers carefully in order to maximise returns on remittances and foreign exchange transactions.
