Cedi depreciation calculator

Pick a month. See how much of its value the cedi has lost against the US dollar since then, what a dollar cost then and costs now, and the average fall a year.

Since

Since Jan 2021, the cedi has lost

49.7%

of its value against the US dollar

A dollar in Jan 2021: GH₵5.85
A dollar now (1 Oct 2026): GH₵11.63
GH₵1,000 bought then: 170.99 USD
GH₵1,000 buys now: 85.97 USD
On average a year, the cedi lost: 11.3%

How it works

The rate for a past month is the official rate averaged over that month, from the World Bank's monthly monitor, in today's cedis all the way back: the cedi was redenominated in 2007, 10,000 old cedis to one new, and the older figures are converted.

Today's figure is the mid-market rate. A cedi that loses value against the dollar makes imports, fees paid abroad and dollar loans dearer in cedis.

Sources: World Bank Global Economic Monitor, exchangerate-api.com

Questions people ask

How much has the cedi fallen against the dollar since 2020?: A dollar cost GH₵5.65 on average in January 2020 and GH₵11.63 now, so the cedi has lost 51.4% of its value against it, about 10.1% a year.
Why compare a monthly average with today's rate?: The monthly average is the only rate recorded consistently back to 1987. For a month long ago the difference between an average and a single day is small next to how far the rate has moved since.

How it works

Today's figure is the mid-market rate. A cedi that loses value against the dollar makes imports, fees paid abroad and dollar loans dearer in cedis.

Questions people ask

How much has the cedi fallen against the dollar since 2020?

A dollar cost GH₵5.65 on average in January 2020 and GH₵11.63 now, so the cedi has lost 51.4% of its value against it, about 10.1% a year.

Why compare a monthly average with today's rate?

The monthly average is the only rate recorded consistently back to 1987. For a month long ago the difference between an average and a single day is small next to how far the rate has moved since.