The cedi (/ˈsiːdiː/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).
After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The new republic's first independent currency was the Ghanaian pound (1958–1965). In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. The African name Cedi (1965–1967) was introduced in place of the old British pound system. Ghana's first President Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The Cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. one hundred old pence, so that 1 pesewa was equal to one penny.
After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. 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 new cedi was gradually phased out in 2007 in favor of the "Ghana Cedi" at an exchange rate of 1:10,000. By removing four digits, the Ghana Cedi became the highest-denominated currency unit issued in Africa. It has since lost over 90% of its value.
notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The Cedi bore the portrait of the President and was equivalent...
1958 it was changed to Ghanaian pound. The Ghanaian pound was used between 1958 and 1965 and afterwards changed to GhanaianCedi. 1480- The king of Portugal...
the renminbi throughout Ghanaian state-owned banks and to the Ghana public as hard currency along with the national Ghanaiancedi for second national trade...
aircraft uses the colour scheme of the flag of Ghana in stripes, with the Ghanaian coat of arms on the tail. In 2011, the government purchased an Embraer...
foreign conglomerates to operate on extremely favorable terms. The Ghanaiancedi was devalued by 30%. These economic changes did not succeed in reducing...
(USD) and Ghanaiancedi (GHS) Year 2018 Exchange Rate History. Yahoo Finance (Yahoo!)". freecurrencyrates.com. Retrieved 6 October 2019. "Ghanaian Passport...
The Ghanaian people are a nation originating in the Ghanaian Gold Coast. Ghanaians predominantly inhabit the Republic of Ghana and are the predominant...
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. In 1958, Bronze coins were issued...
trade, introduced huge numbers of Maldivian cowries in Africa. The Ghanaiancedi was named after cowrie shells. Starting over three thousand years ago...
"SEE: Cedi House falling apart as we look on". Prime News Ghana. October 18, 2016. "Meet the Ghanaian architect who designed KNUST Unity Hall and Cedi House"...
escudo Euro Canary Islands, Spain Madeira, Portugal Gambian dalasi Ghanaiancedi Guinean franc Liberian dollar Nigerian naira São Tomé and Príncipe dobra...
Board was established by ordinance in 1947 with the sum of 27 million GhanaianCedi as its initial working capital. In 1979, this Board was dissolved and...
(4th) 10,000∶1 Romanian leu (3rd) 2005 Romania Inflation New Ghanaiancedi 10,000∶1 Cedi 2007 Ghana Inflation Third Belarusian ruble 10,000∶1 Second Belarusian...
decimalised in 1931 (became equal to 100 metonnyas instead of 16 ghersh). The Ghanaiancedi decimalised in 1965. The Zambian kwacha decimalised in 1968. The Rhodesian...
Crown, the championships in the Japanese promotion Pro Wrestling Noah Ghanaiancedi (currency sign: GH₵), the currency of Ghana This disambiguation page...
Governor of the Bank of Ghana he implemented the re-denomination of the Ghanaiancedi. He was born in Juabo in the Western Region of Ghana. Acquah had his...
process known as de jure dollarization. (See also the example of the Ghanaiancedi from the 1970s and 1980s.) If foreign currency is difficult or illegal...
lari National Bank of Georgia საქართველოს ეროვნული ბანკი 1991 Ghana Ghanaiancedi Bank of Ghana 1957 Greece Euro European Central Bank (Bank of Greece)...
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