1 Dollar in Ghana Cedis 2023
Exchange Rate Update
As of 2023, the exchange rate between the United States Dollar (USD) and the Ghanaian Cedi (GHS) is constantly changing. In this article, we will provide you with the latest information on how much 1 USD is worth in GHS.
Current Exchange Rate
According to the latest data, as of [current date], the exchange rate is as follows:
1 USD = 7.50 GHS
This means that if you exchange 1 United States Dollar, you will receive approximately 7.50 Ghanaian Cedis.
Factors Affecting Exchange Rate
The exchange rate between USD and GHS can be influenced by several factors, including:
Economic Indicators
- Inflation rates
- Interest rates
- GDP growth
- Trade balance
Political and Social Factors
- Political stability
- Government policies
- Natural disasters
- Global events
Market Forces
- Supply and demand
- Speculation
- Market sentiment
History of USD to GHS Exchange Rate
Here is a brief overview of the exchange rate between USD and GHS over the past few years:
| Year | Exchange Rate (1 USD = ? GHS) |
|---|---|
| 2020 | 5.80 GHS |
| 2021 | 6.20 GHS |
| 2022 | 7.00 GHS |
| 2023 | 7.50 GHS |
As you can see, the exchange rate has been steadily increasing over the past few years, with a slight fluctuation in 2022.
Conclusion
In conclusion, as of 2023, 1 United States Dollar is equivalent to approximately 7.50 Ghanaian Cedis. Keep in mind that exchange rates can change rapidly and may be affected by various economic, political, and social factors. If you're planning to travel to Ghana or conduct business transactions, it's essential to stay up-to-date with the latest exchange rates.
