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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).
A picture of 50 pesewas coin with the image of Rebecca Naa Dedei Aryeetey. Rebecca Naa Dedei Aryeetey (c. 1923 – 22 June 1961) also known as Dedei Ashikishan, was a Ghanaian business woman, political activist and a feminist. She was popularly known for her flour business in Accra. Her image appears on Ghana's 50 Pesewas coin. [1] [2]
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 embarked on a currency re-denomination exercise from the Cedi (₵) to the new currency, Ghana Cedi (GH₵) in July 2007. 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. [29]
Some economists recommended that Ghana devalue its currency, the cedi, to make its cocoa price more attractive on the world market, but devaluation would also have rendered loan repayment in United States dollars much more difficult. [1] Moreover, such a devaluation would have increased the costs of imports, both for consumers and nascent ...
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.
First Ghanaian cedi Reason: decimalisation Ratio: 2.4 cedi = 1 pound, or 1 pesewa = 1 penny This page was last edited on 2 December 2024, at 21:09 (UTC). Text is ...
Considered the founding fathers of present-day Ghana, [2] the members of the Big Six were: [3] Kwame Nkrumah – first prime minister and first president of Ghana [4] [5]; Ako Adjei – founding member of the UGCC [6]