The Bank of Ghana has released its latest monetary policy rates, signaling a continued focus on managing the cedi’s exchange rate and stabilizing the foreign exchange market. The latest figures, published on August 11, 2026, demonstrate a dynamic exchange rate landscape, with the cedi experiencing a fluctuating value against the US dollar. Specifically, the cedi traded at a rate of GH¢11.7400 to US$1, a figure that reflects a significant divergence from the previous day’s rate of GH¢11.7400 to US$1, reflecting a notable movement in the market. The pound, trading at GH¢15.8566, while the euro maintained its position at GH¢13.5481, showcasing a persistent challenge to the cedi’s stability.
The BoG’s actions, driven by a combination of measures designed to mitigate pressure on the cedi and bolster market liquidity, have been substantial. The Bank of Ghana has consistently injected substantial amounts of US dollars into the market, totaling over US$8.2 billion through its FX Intermediation and FX Intervention programs between January and July 2026. This injection is intended to enhance market liquidity and reduce volatility. Reports indicate a 10.61% depreciation of the cedi against the US dollar by the end of July, further highlighting the urgency of stabilizing the foreign exchange market.
These rate adjustments are part of a broader strategy to control inflation and safeguard financial stability within the country. The Bank of Ghana’s 14% policy rate provides a degree of room for managing inflation while supporting economic growth and investment. However, the Central Bank has cautioned that global developments, including geopolitical tensions and anticipated increases in crude oil prices, could exert further pressure on the cedi and domestic prices. The Governor Dr. Johnson Asiama emphasized that the Bank’s commitment to protecting the cedi and maintaining economic stability remains paramount. He stated that the Bank will continue to pursue policies aimed at supporting the currency, containing inflation, and safeguarding financial stability. The Governor also underscored that the latest exchange rates provide crucial insights for international transactions, with the US dollar remaining the most actively traded currency, though the pound, euro, Swiss franc, Australian dollar, Canadian dollar, and Chinese yuan experienced considerable movement.
Furthermore, the Bank of Ghana has released detailed data on the cedi’s trading against major currencies, including a significant percentage of the currency’s trading against the dollar, pound, euro, Swiss franc, Australian dollar, Canadian dollar, and Chinese yuan. The Swiss franc experienced a mid-rate of GH¢14.4737, the Australian dollar GH¢8.2907, the Canadian dollar GH¢8.4337, the New Zealand dollar GH¢6.9040, and the Chinese yuan GH¢1.7407. The Japanese yen was quoted at GH¢0.0738.
Looking ahead, the Bank of Ghana’s 14% policy rate provides a necessary buffer for maintaining control of inflation while encouraging economic activity, investment, and growth. The full exchange rate data for transactions conducted on August 11, 2026, is presented in the table below. The complete Bank of Ghana exchange rates for transactions conducted on August 11, 2026, are available in the table provided.
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