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The cedi (/ ˈ s iː d iː / SEE-dee, pronounced in the same way as CD) (currency sign: GH₵; currency code: GHS) is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One Cedi is divided into one hundred Pesewas (Gp).
The transfer rate is 1 Ghana Cedi for every 10,000 Cedis. Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in ...
Ghana was the world's leading producer of cocoa, boasted a well-developed infrastructure to service trade, and enjoyed a relatively advanced education system. [1] At independence, President Kwame Nkrumah sought to use the apparent stability of the Ghanaian economy as a springboard for economic diversification and expansion. [1]
cedi Ghanaian cedi: U+20B5 ₵ CEDI SIGN ¢ cent, centavo, etc. Fraction A centesimal subdivision of the US dollar, the Canadian dollar and the Mexican peso: U+00A2 ¢ CENT SIGN: c: cent etc. variant Fraction In currencies Australian and New Zealand dollar; the South African rand; the West African CFA centime, and divisions of the euro
Ghana's economy has ties to the Chinese yuan renminbi along with Ghana's vast gold reserves. In 2013, the Bank of Ghana began circulating the renminbi throughout Ghanaian state-owned banks and to the Ghana public as hard currency along with the national Ghanaian cedi for second national trade currency. [117]
Ghanaian cedi: 100 pesewas Indian rupee: 100 paise: Israeli new shekel: 100 agorot: Macau pataca: 100 avos; circulating coins are 10, 20, and 50 avos. Macedonian denar: 100 deni: Malawian kwacha: 100 tambala Mongolian tögrög: 100 möngö Nepalese rupee: 100 paisa: Pakistani rupee: 100 paise: Papua New Guinean kina: 100 toea Polish złoty: 100 ...
Ghanaian pound (1958 to 1965, replaced by the cedi) Irish pound (Irish: Punt na hÉireann) (until 2002, replaced by the euro) Israeli pound, also known as the Israeli lira (until 1980, replaced by the shekel) Jamaican pound (until 1968, replaced by the Jamaican dollar).
The pound was the currency of Ghana between 1958 and 1965. It was subdivided into 20 shillings, each of 12 pence. Until 1958, Ghana used the British West African pound, after which it issued its own currency. In 1965, Ghana introduced the first cedi at a rate of £1 = ₵2.40, i.e., ₵1 = 100d.