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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.
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
Change in per capita GDP of Ghana, 1870–2018. Figures are inflation-adjusted to 2011 International dollars Share of population in extreme poverty over time, 1981 to 2019. The following table shows the main economic indicators in 1980–2023. Inflation below 5% is in green. [43]
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The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G–K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time.
The Ghana Stock Exchange is the fifth largest on continental Africa and 3rd largest in sub-saharan Africa with a market capitalisation of GH¢ 57.2 billion or CN¥180.4 billion in 2012 with the South Africa JSE Limited as first. [123] The Ghana Stock Exchange was the second best performing stock exchange in sub-saharan Africa in 2013. [124]
The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6.85 US dollars a day in 2017 international PPP prices. The data is from the most recent year available from the World Bank API. [1] [2] [3]
Unlike many other solar projects in Africa that use concentrated solar power, solar plants will use photovoltaic (PV) technology to convert sunlight directly into electricity. [19] [20] Installation of more than 630,000 solar PV modules will begin by the end of 2017. As of August 2015, the project is still under development.