Ghana Association of Bankers announces exchange rates

Following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Friday, January 23, 2009.

Currency                   NEW GHANA CEDI EQUIVALENT

Buying               Selling

U.S. Dollar                             1.2316               1.2684
Pound Sterling                    1.6861               1.7367
Swiss Franc                          1.0597              1.0906
Canadian Dollar                 0.9794              1.0085
Danish Kroner                   0.2125               0.2188
Japanese Yen                    0.0139               0.0143
Swedish Kroner                0.1478               0.1522
South African Rand        0.1213                0.1247
Euro                                    1.5843                 1.6312

WEST AFRICAN CURRENCIES   CURRENCY EQUIVALENT OF GHANA CEDI
CFA Franc                         402.00               414.02
Naira                                   111.60                114.94
ECOWAS WAUA           0.5657

Source: GNA