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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 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.
Ghana was one of the first countries in Africa to connect to the Internet. [5] With an average household download speed of 5.8 Mbit/s Ghana had the third fastest speed on the African continent and the 110th fastest out of 188 countries worldwide in February 2014. [10] In 2009 the number of Internet users stood at 1.3 million, 93rd in the world. [1]
It started with the incorporation of a company called Roagams Link Ghana Ltd now Rlg Communications (Ghana) Limited, as the leading Ghanaian computer and handset manufacturing company. [ citation needed ] The company is the first indigenous African company to assemble laptops , desktops and mobile phones and offer ICT training in computer and ...
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation. The exchange rate is ...