It is known that the US Dollar to the cedis exchange rate is rising in Ghana. Do you also know how the Great British Pounds to the Cedis exchange rate is moving? This article will let you know about the Great British Pounds to the Ghana Cedis exchange rate.
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About the Great British Pounds
The Great British Pounds has the abbreviation GBP. It is also known as British Pound Sterling. The United Kingdom and its regions use the GBP as their official currency. The pound sign (£) serves as a symbol for the British pound sterling, which is also known as “sterling” at times.
About the Ghana Cedi
Ghana uses the cedi as its unit of account. In Republic of Ghana, it is the only kind of legal money still in use now and the fourth historically. One cedi is divided into one hundred pesewas.
The British Pounds to the Cedis exchange rate
1Great British Pound = 16.05726 Ghana Cedis as at October 26, 2022.
Let’s look at some history of the GBP to the Cedis exchange rate and see how the GBP is rising against the Cedis.
In January 2021
29 January 2021 1 GBP = 7.9605 GHS
27 January 2021 1 GBP = 7.9838 GHS
26 January 2021 1 GBP = 7.9338 GHS
25 January 2021 1 GBP = 7.9528 GHS
In January 2022
25 January 2022 1 GBP = 8.2285 GHS
24 January 2022 1 GBP = 8.2691 GHS
21 January 2022 1 GBP = 8.2810 GHS
20 January 2022 1 GBP = 8.3012 GHS
Looking at the current exchange rate of the GBP to the Cedis, the Cedis is at a higher depreciation. The GBP to the Cedis exchange rate was just 8.4019 in January 2022 and has risen to 16.05726 in October. This GBP to Cedis exchange rate will affect the businessmen who export goods from the United Kingdom and also will lead to higher prices of goods in Ghana.