Search results
Results from the WOW.Com Content Network
The "new Cedi" (1967–2007) was worth 1.2 Cedis, which made it equal to half of a pound sterling (or ten shillings sterling) at its introduction. Decades of high inflation devalued the new Cedi, so that in 2007 the largest of the "new cedi" banknotes, the 20,000 note, had a value of about US$2.
The pound was the currency of Ghana between 1958 and 1965. It was subdivided into 20 shillings, each of 12 pence. Until 1958, Ghana used the British West African pound, after which it issued its own currency. In 1965, Ghana introduced the first cedi at a rate of £1 = ₵2.40, i.e., ₵1 = 100d.
1 Pound 2005 Egypt: 5 Rand 2005 South Africa: 10 Rupees 2005 India: 1 Cedi 2007 Ghana: 25 Pence 2008 Tristan Da Cunha: 2 Roubles 2009 Belarus: 1 Lira 2009 Turkey: 10 Rupees 2011 Andaman and Nicobar: 5 Kwanzas 2012 Angola: 10 Kwanzas 2019 Angola: 5 Dollars 2012 Micronesia: 250 Francs 2012 Djibouti: 1 Dollar 2013 Singapore: 250 Francs 2013 ...
Ghana: Ghanaian cedi ₵ GHS Pesewa: 100 Gibraltar: Gibraltar pound £ GIP Penny: 100 Sterling £ GBP Penny: 100 Greece: Euro € EUR Cent: 100 Greenland: Danish krone: kr DKK Øre: 100 Grenada: Eastern Caribbean dollar: EC$ XCD Cent: 100 Guatemala: Guatemalan quetzal: Q GTQ Centavo: 100 Bailiwick of Guernsey: Guernsey pound £ (none) Penny ...
These included shells, [1] ingots, gold (gold dust and gold coins (the Asante)), arrowheads, iron, salt, cattle, goats, blankets, axes, beads, and many others. In the early 19th century a slave could be bought in West Africa with manilla currency ; multiples of X-shaped rings of bronze or other metal that could be strung on a staff.
Prior to Independence, Ghana was known as the Gold Coast. [4] The currency used before Independence was the British West African pound and in 1958 it was changed to Ghanaian pound. The Ghanaian pound was used between 1958 and 1965 and afterwards changed to Ghanaian Cedi.
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 Jamaican pound was also used in Cayman Islands and Turks and Caicos ...
Under guidance of the International Monetary Fund, the government in 1967 devalued the Ghanaian Cedi (formerly the Ghanaian pound) by 30% relative to the United States dollar. The rationale for this policy was that if other countries could buy Ghanaian goods at lower prices, exports would increase, and conversely imports would decrease.