Ghanaian cedi currency | Ghana Cedi Bank Notes

Ghanaian Cedi

Ghanaian cedi Currency:

Ghanaian cedi is the official currency of Ghana and it is divided into hundred pesewas (Gp). It is denoted by the symbol of GH₵. In 1965, first cedi was introduced replacing the Ghanaian pound at a rate of 2.4 cedi = 1 pound or 1 pesewa = 1 penny. In 1967, the second cedi introduced replacing the first cedi, which was worth 1.2 first cedis. Initially it was pegged to the British pound at the rate of 2 Cedi = 1 Pound. However, after decades of high inflation the second cedi was devalued to a rate of 2.45 second cedi = 1 pound, less than the value of the first cedi. The Third cedi, currently used Ghanaian New Cedi, was introduced on July 1, 2007. The Ghanaian cedi will be exchanged at the rate of One New Cedi = 10,000 second cedis. Since 1958, The Bank of Ghana has been issuing all Ghanaian coins and bank notes. The coins that are presently in usage are 1, 5, 10, 20, 50Gp, GH₵1. The currency notes which are in circulation are GH₵1, 2, 5, 10, 20, 50.

Ghanaian Cedi

Ghanaian Cedi (Ghana):

Code:  GHS

Symbol: GH₵ (Also often GH¢), Pesewa (Gp)

Subunit: 1/100=pesewa

Banknotes:

 GH₵1, 2, 5, 10, 20, 50

Coins:

1, 5, 10, 20, 50Gp, GH₵1

Central bank:

Bank of Ghana

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