Dollar to Cedis Black Market Rate
Parallel Market Exchange Rate Today
Important Information
In Ghana, the difference between black market rates and official bank rates is typically minimal (1-3%). Unlike countries with strict forex controls, Ghana has a relatively open foreign exchange market. The rate shown above reflects the current market rate, which is close to what you'll find at both banks and forex bureaus.
Quick amounts:
$1 = GH₵10.85 GHS
Rate Comparison
Bank Rate
GH₵10.63
~2% lower than market rate
Forex Bureau Rate
GH₵10.85
Current market rate
Tips for Exchanging Currency in Ghana
- ✓Use licensed forex bureaus for the best rates and security
- ✓Compare rates at multiple bureaus before exchanging large amounts
- ✓Avoid exchanging at airports - rates are typically 5-10% worse
- ✓Always count your money before leaving the counter
- ✓Keep your receipts for record-keeping
Understanding Ghana's Currency Market
The dollar to cedis black market rate in Ghana is often discussed, but it's important to understand that Ghana has a relatively open forex market. The Bank of Ghana allows the cedi to float freely, which means the difference between official and informal rates is typically minimal.
When looking for the best dollar to cedis bank rate, licensed forex bureaus often offer rates that are competitive with or better than banks. The current rate of approximately $1 = GH₵10.85 reflects the true market value.
For safety and the best rates, we recommend using licensed forex bureaus in major cities like Accra, Kumasi, and Takoradi. These establishments are regulated and provide receipts for your transactions.