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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 ...
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.
Ghanaian cedi From a page move : This is a redirect from a page that has been moved (renamed). This page was kept as a redirect to avoid breaking links, both internal and external, that may have been made to the old page name.
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]
The cost of Hajj per head experience frequent fluctuations, falling in some years and rising in others mainly due to the instability of the Ghanaian cedi.When pegged against the US dollar however the unit cost kept changing depending on other factors like exchange rate, flight ticket among others
These countries and territories widely accept the US dollar as a secondary currency: Cambodia, [62] [63] official currency is Cambodian riel Honduras, official currency is Honduran lempira [64] Lebanon, official currency is Lebanese Pound [65] Venezuela, official currency is Venezuelan Bolivar [66] [67] Zimbabwe, official currency is Zimbabwe Gold
This page was last edited on 22 December 2024, at 00:35 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.