For many individuals and businesses, understanding currency exchange rates is crucial, especially when dealing with international transactions. This article delves into the exchange rate between the Nigerian Naira (NGN) and the Ghanaian Cedi (GHS), providing insights and historical data to help you make informed decisions.
As of 02:00AM UTC today, one million naira equals ₵7,610.37 (seven thousand six hundred ten ghanaian cedis 37 pesewas). The current exchange rate is 0.0076. Our money converter uses the mid-market rate for our Converter. This is for informational purposes only.
Don’t stop, there is a currency converter sidebar to your right so you can make more conversions. Check the latest currency exchange rates for the Nigerian Naira, Ghanaian Cedi and all major world currencies.
Historical Exchange Rate Data
Analyzing historical data can provide a better understanding of currency trends. Here's a look at the NGN to GHS exchange rate over different periods:
This chart shows data from 2024-11-7 to 2025-11-6. The NGN/GHS rate is down -22.48%.
Read also: Current USD/NGN Value
NGN to GHS exchange-rate stats: high, low, average, and volatility
Here’s a summary of the NGN to GHS exchange rate statistics over the last 7, 30, and 90 days:
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 0.0076507 | 0.0085575 | 0.0085879 |
| Low | 0.0074673 | 0.0071831 | 0.0068666 |
| Average | 0.0075547 | 0.0076818 | 0.0077134 |
| Volatility | 1.00% | 1.49% | 1.12% |
In the past 30 days, the NGN to GHS exchange rate reached a high of 0.008566 and a low of 0.007313, with an average rate of 0.007750. Over the last 90 days, the NGN to GHS exchange rate peaked at 0.008639 and dipped to a low of 0.006861, averaging 0.007677.
A year ago today, ₦1,000,000.00 would have been exchanged for ₵9,788.15, which is ₵2,177.79 higher than today’s rate. Over the past seven days, the most favorable exchange rate was ₵7,610.37.
Cedi-dollar exchange rate negatively affecting Ghanaian businesses - TAGG
Factors Influencing Exchange Rates
Exchange rates fluctuate as a result of various economic factors. Economic growth, monetary policy, inflation rates, political stability, global economic conditions, current account balance, interest rates and market sentiment all play a role in the strength of a currency. Several factors can influence the NGN to GHS exchange rate:
Read also: Exchange Rate Analysis
- Economic Factors: Economic stability and growth in both Nigeria and Ghana.
- Monetary Policy: Policies set by the Central Bank of Nigeria and the Bank of Ghana.
- Inflation Rates: Relative inflation rates between the two countries.
- Political Stability: Political events and stability in both nations.
- Market Sentiment: Investor confidence and market speculation.
About the Nigerian Naira (NGN)
The Nigerian Naira is the official currency of Nigeria, introduced in 1973 to replace the pound. It is subdivided into 100 kobo and is regulated by the Central Bank of Nigeria. The symbol for the Naira is ₦. The Nigerian Naira is the official currency of Nigeria and is used exclusively within the country’s borders. Introduced in 1973, the Naira plays a critical role in Nigeria’s economy, which is the largest in Africa. The Naira is not widely accepted outside Nigeria, requiring currency exchange for international transactions and travel. The Central Bank of Nigeria regulates and issues the Naira, maintaining its stability and value in the domestic market.
About the Ghanaian Cedi (GHS)
The Ghanaian Cedi is the currency of Ghana, introduced in 2007, replacing the previous cedi at a rate of 1 GHS = 10,000 old cedi. It is subdivided into 100 pesewas and regulated by the Bank of Ghana. The symbol for the Cedi is ₵. The Ghanaian Cedi is the official currency of Ghana and is used exclusively within the country’s borders. Introduced in its current form in 2007, the Cedi is a critical part of Ghana’s economy. The currency is not widely accepted outside Ghana, requiring currency exchange for international transactions and travel. The Bank of Ghana regulates and issues the Cedi, maintaining its stability and value in the domestic market.
TransferGo: A Reliable Option for International Transfers
Looking to transfer Nigerian Nairas to Ghanaian Cedis? You can always count on TransferGo! TransferGo is the easy way to send money around the world in just a few minutes. Founded in 2012, TransferGo serves over 8 million customers in more than 160 countries worldwide. Our aim is to provide more accessible financial services to migrants, making international money transfers cheaper, simpler and faster.
Benefits of using TransferGo:
- Competitive foreign exchange rates: Find the best rates directly on our app-you don’t have to go looking for them!
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How to use TransferGo:
Read also: Exchange Rate: 300 USD to NGN
- Choose the amount and currency. Send money to over 160 countries around the world.
- Add the receiver’s details. You can send money using cards, bank accounts and payment links.
- Pay for the transfer … and your money will be on its way!
Our currency converter tool allows you to convert hundreds of currency pairs fast. All you need to do is select your currencies, input the amount and click ‘Convert’ and we’ll show you how much your money is worth based on live foreign currency exchange rates. We’ll then use this real exchange rate when you send money abroad using TransferGo.
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Frequently Asked Questions
What is the Nigerian Naira to Ghanaian Cedi exchange rate today?
Exchange rates change all the time. At TransferGo we always try to offer the best rates, and we let you know when the rates are especially good.
Is today a good day to buy Ghanaian Cedis with Nigerian Nairas?
There are always fluctuations in exchange rates. Whether today is a good day to buy Ghanaian Cedis with Nigerian Nairas depends on many factors including economic indicators and market dynamics. When you use TransferGo, you can rest assured that we’ll always try to offer the best NGN to GHS exchange rate.
What is the highest Nigerian Nairas to Ghanaian Cedis rate ever?
Exchange rates fluctuate as a result of various economic factors. For the most accurate information, it’s best to check a financial news source. Central banks also publish historical data on exchange rates.
Will the Ghanaian Cedi get stronger in 2025?
It is difficult to predict the future strength of the Ghanaian Cedi as it depends on various economic, political and market factors. Economic growth, monetary policy, inflation rates, political stability, global economic conditions, current account balance, interest rates and market sentiment all play a role in the strength of a currency.
Will the Nigerian Naira get stronger in 2025?
The Nigerian Naira (NGN) is expected to face depreciation pressures. Economic instability, high inflation, and challenges related to foreign exchange reserves contribute to a bearish outlook. The Naira’s performance will largely depend on Nigeria’s ability to implement economic reforms and stabilize its macroeconomic environment.
