The Bank of Ghana’s exchange rate data (cedi vs dollar) for Friday, August 15, and Tuesday, August 19, 2025, has raised eyebrows within the foreign exchange market.
The Central Bank publishes daily exchange rate data for the cedi and major international currencies through its social media handles.
The data for the last three weekdays has, however, sparked controversy with the same data for the dollar appearing twice on different days after a major fluctuation in between.
On Friday, August 15, the last trading day of last week, the exchange rates as announced by the Bank of Ghana had the cedi trading at GH¢10.7946 to a dollar and selling at GH¢10.805.
Then on Monday, August 18, the first trading day for this week, the cedi, as released by the Central Bank, appreciated and traded at GH¢10.6447, selling at GH¢10.6553 to the dollar.
However, on the second trading day of this week, that is Tuesday, August 19, the Bank of Ghana again posted the exact figures for Friday, August 15, as the exchange rate for Tuesday, August 19.
The repetition of exchange rate figures has raised eyebrows on social media, with some users accusing the Bank of Ghana of manipulating the figures.
It is normal for exchange rate figures to fluctuate, but for exactly the same data to appear on different days, after a major fluctuation in between, has been described as extremely strange by some commentators on social media.
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