Trading from Ghana: what is different
Ghana is Africa's largest gold producer, and gold is the country's biggest export. XAU/USD — gold priced in dollars — is the market most tied to the local economy, and it is available alongside silver and copper.
The cedi lost a large part of its value against the dollar in 2022. A USD account is not affected by cedi moves inside the account, although its value in cedis still changes with the exchange rate.
Ghana stays on UTC+0 all year: the London session opens at 08:00 from November to March and 07:00 from April to October, and New York opens at 14:30 in winter.
Forex market hours in Ghana
The forex market is open 24 hours a day from Monday to Friday, passing from Asia to Europe to North America. These are the main sessions converted to local time in Ghana.
| Session | Local time, Nov–Mar | Local time, Apr–Oct |
|---|---|---|
| Tokyo session | 00:00–09:00 | 00:00–09:00 |
| London session | 08:00–17:00 | 07:00–16:00 |
| New York session | 13:00–22:00 | 12:00–21:00 |
| London–New York overlap | 13:00–17:00 | 12:00–16:00 |
| Weekly open | Sunday 22:00 | Sunday 21:00 |
| Weekly close | Friday 22:00 | Friday 21:00 |
The busiest hours for the major pairs and gold are usually the London–New York overlap. Spreads tend to be widest around the daily rollover and in the first hour after the weekly open.
Markets to watch from Ghana
- XAU/USD (gold) — Ghana's biggest export.
- Brent crude (UKOIL) — Ghana has produced oil offshore since 2010.
- EUR/USD and GBP/USD — from 08:00 Accra time in winter.
- Dow Jones (US30) and Nasdaq 100 (USTEC) — from 14:30 Accra time in winter.
Accounts and funding
| Account | Minimum deposit | EUR/USD spread | Commission |
|---|---|---|---|
| Standard Cent | $10 (balance in USC) | From 1.4 pips | None |
| Standard | $100 | From 1.0 pips | None |
| Pro | $1,000 | From 0.6 pips | None |
| Raw ECN | $5,000 | From 0.0 pips | $7 per lot |
Accounts are held in US dollars and funded in USDT on BNB Smart Chain (BEP20) or Tron (TRC20). There is no Ghanaian cedi conversion inside your account; any conversion happens wherever you buy or sell USDT. Identity verification is completed once, before your first withdrawal.
Regulation and your responsibility
AlphaFX Pro is an international broker and is not licensed by the Securities and Exchange Commission (SEC Ghana). Our registration in St. Vincent and the Grenadines is in progress. We do not provide investment advice or a local office in Ghana.
Before opening an account, make sure the law in Ghana allows you to trade CFDs with a broker based outside the country, and check any rules on moving money abroad. If you are not sure, ask us before you deposit.
Frequently asked questions
Can I trade the cedi?
No cedi pairs are offered. Accounts are held in US dollars and funded in USDT.
When does forex open in Ghana?
Sunday at 22:00 Accra time from November to March (21:00 from April to October). It closes at the same time on Friday.
What is the minimum deposit from Ghana?
The Standard Cent account opens from $10, funded in USDT, with the balance held in US cents ($10 = 1,000 USC). Standard opens from $100, Pro from $1,000 and Raw ECN from $5,000.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is general information, not investment advice. Read the Risk Disclosure.