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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.
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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]
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 ...
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 ...