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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).
African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange.This started to change from the 17th century onwards, as European colonial powers introduced their own monetary system into the countries they invaded.
Ghanaian cedi ₵ GHS Pesewa: 100 Gibraltar: Gibraltar pound £ GIP Penny: 100 Sterling £ GBP Penny: 100 Greece: Euro € EUR Cent: 100 Greenland: Danish krone: kr DKK Øre: 100 Grenada: Eastern Caribbean dollar: EC$ XCD Cent: 100 Guatemala: Guatemalan quetzal: Q GTQ Centavo: 100 Bailiwick of Guernsey: Guernsey pound £ (none) Penny: 100 ...
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.
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The E-Cedi is part of a project called the 'Digital Ghana Agenda'. Its goal is the digitization of Ghana's 30 million people, and government services. The E-Cedi is to complement the Ghanaian cedi, and serve as an alternative to physical cash, and the 'Cashlite Agenda'. [5] The three phases for the E-Cedi are design, implementation, and piloting.
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