1 Dollar to Cedis – Current Rate and Trends Today

The exchange rate between the United States dollar and the Ghanaian cedi stands at approximately 10.77 to 10.78 GHS per USD as of March 5, 2026, marking a period of relative stabilization following significant volatility in late 2024. This valuation reflects the Bank of Ghana’s interbank mid-rate of 10.7700, though actual conversion rates available to consumers vary slightly across international platforms and digital remittance services.

The Ghanaian cedi has experienced notable fluctuations over the past twelve months, weakening roughly 30 percent against the dollar year-over-year despite gaining nearly 2 percent strength in recent weeks. Understanding the current valuation requires examining official central bank benchmarks alongside market-based spot rates from financial data providers and currency conversion platforms.

Multiple authoritative sources currently track the USD/GHS pair with minor discrepancies reflecting different data collection methodologies and market segments. While the Bank of Ghana maintains official interbank rates, commercial platforms like Trading Economics report spot rates at 10.7796, up 0.23 percent daily, whereas Xe charts showed 10.6631 on March 1, and Revolut quoted rates between 10.91 and 10.99.

How Much is 1 Dollar to Cedis Today?

Key insights regarding today’s USD to GHS valuation include:

1. The Bank of Ghana sets the official interbank mid-rate at 10.7700, with buy rates at 10.7646 and sell rates at 10.7754.
2. Trading Economics reports a spot rate of 10.7796, reflecting a 0.23 percent daily increase.
3. Wise data indicates weekly fluctuations between a low of 10.6496 on March 1 and a high of 10.775 on March 5.
4. Xe currency charts recorded 10.6631 on March 1, showing variance from official interbank figures.
5. Instarem posted a mid-market rate of 10.7593 on March 3.
6. Revolut exchange services currently quote rates approximately between 10.91 and 10.99 GHS per dollar.
7. The cedi has strengthened 1.91 percent over the past month against the dollar, though it remains down 30.46 percent over 12 months.

What is the Historical USD to Cedis Rate?

Historical data reveals significant volatility in the USD/GHS pair, with the cedi reaching an all-time high of 16.48 against the dollar in November 2024 according to Trading Economics. This peak represented substantial pressure on the Ghanaian currency during a period of economic adjustment.

Recent Performance and Stabilization

Data from Xe indicates a 31.18 percent decline in the cedi’s value over the past year, while recent weeks have shown tentative recovery. Historical charts from both Xe and Trading Economics demonstrate that after the November 2024 peak, the cedi entered a downward trend against the dollar, stabilizing in the 10.6 to 10.8 range by early March 2026.

All-Time Highs and Volatility Patterns

Investing.com confirms the previous close at 10.7750 moving to a current rate of 10.7796, illustrating the moderate daily volatility currently characterizing the pair. The weekly trading range of 10.65 to 10.78 suggests decreased volatility compared to late 2024 movements.

How to Convert Dollars to Cedis?

Converting United States dollars to Ghanaian cedis involves understanding the distinction between official interbank rates and retail conversion options available through banks, authorized forex bureaus, and digital platforms.

Official and Retail Channels

The Bank of Ghana publishes daily interbank rates serving as benchmarks for authorized dealers, though individual consumers typically encounter slight markups. Commercial banks apply buy and sell rates around the official 10.7646/10.7754 spread, while physical exchange bureaus may offer rates reflecting operational costs and local supply-demand dynamics.

Digital Remittance Platforms

Fintech providers including Wise, Revolut, and Instarem offer competitive mid-market rates with minimal spreads. Wise tracks weekly rate movements between 10.6496 and 10.775, while Instarem posted mid-market rates of 10.7593 as of March 3. Revolut quotes approximately 10.91 to 10.99, varying by account tier and market conditions.

What Affects the Dollar to Cedis Exchange Rate?

The USD/GHS exchange rate responds to monetary policy decisions, external sector performance, and global dollar strength index movements. Understanding these drivers provides context for rate fluctuations observed across official and parallel markets.

Bank of Ghana Policy Interventions

The Bank of Ghana utilizes foreign exchange reserves and periodic interventions to stabilize the cedi within interbank parameters. Current policies focus on maintaining the 10.7700 mid-rate while managing liquidity conditions to support the recent monthly strengthening trend observed since February 2026.

Economic Fundamentals and Remittances

Inflation levels in Ghana, though elevated following the 2024 economic crisis, interact with remittance inflows to influence currency supply. Increased diaspora transfers bolster cedi liquidity, partially offsetting pressure from import dependence and fiscal deficit financing requirements.

Black Market Considerations

While specific black market rates remain unverified in current data, informal sector exchanges in Ghana typically exceed official interbank rates by margins ranging from 5 to 20 percent during periods of scarcity. These unregulated markets operate outside Bank of Ghana supervision, carrying legal and financial risks for participants.

How Has the USD to GHS Rate Changed Over Time?

1. November 2024: The cedi reaches an all-time high of 16.48 against the dollar, representing peak depreciation pressure.
2. January 2025: Volatility continues with gradual downward trend from November peaks as stabilization measures take effect.
3. February 2026: The cedi gains 1.91 percent strength over the month, reversing some annual depreciation.
4. March 1, 2026: Weekly low recorded at 10.6496 according to Wise historical data.
5. March 5, 2026: Current stabilization established around 10.77-10.78 range across major data providers.

What Do We Know for Certain About the Current Rate?

Why Does the USD to GHS Exchange Rate Matter?

The dollar-to-cedi exchange rate serves as a critical economic indicator for Ghana, a nation heavily dependent on imports for consumer goods and industrial inputs. As the cedi weakens, import costs rise, contributing to inflationary pressure that affects household purchasing power across the economy.

Remittance flows represent a significant stabilizing factor, with diaspora transfers providing essential foreign exchange supply that supports the cedi during volatile periods. The current stabilization around 10.77-10.78 follows severe testing in late 2024, when rates approaching 16.48 strained foreign reserves and necessitated policy adjustments.

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What Do Official Sources Say About the Exchange Rate?

The Bank of Ghana interbank mid-rate for USD/GHS stands at 10.7700, with bid rates at 10.7646 and offer rates at 10.7754, reflecting daily treasury operations and market conditions.

— Bank of Ghana Daily Interbank FX Rates, March 5, 2026

The Ghanaian cedi has shown recent resilience, appreciating 1.91% over the past month despite a challenging annual performance that saw depreciation exceeding 30% against the US dollar.

— Trading Economics Ghana Currency Analysis

What Should Exchange Rate Watchers Know Today?

The 1 dollar to cedis rate currently hovers between 10.77 and 10.78 according to official Bank of Ghana interbank figures, representing stabilization after the volatile period of late 2024 when rates exceeded 16.00. While recent monthly data shows tentative cedi strengthening, the 30 percent annual depreciation underscores persistent economic pressures that continue affecting conversion values for remittances, imports, and travel exchanges. Those monitoring the Ratatouille (Film) – Plot, Cast and Key Facts alongside financial markets should note that exchange rate forecasts suggest potential appreciation toward 10.07 over 12 months, though such projections carry significant uncertainty given ongoing inflation management challenges.

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