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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.
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 government set aside 80million Ghana cedis to pay frontline health workers' incentive package as part of Ghana's COVID-19 pandemic preparedness. [57] The Minister for Employment and Labor Relations stated an amount of GH¢320 million was spent on health workers as part of the Government's COVID-19 relief package. [ 58 ]
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The pound was the currency of Ghana between 1958 and 1965. It was subdivided into 20 shillings, each of 12 pence. Until 1958, Ghana used the British West African pound, 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 Ghana, rural banks are financed mainly via the Rural Financial Services Project (RFSP), that is a project of the government to solve the operational problems of the rural financial sector. Every Rural and Community bank in Ghana was mandated to contribute two thousand Ghana cedi to buy shares of the ARB – Apex bank Ltd, to enable the bank ...
In the same year, Ghana’s central bank recorded a loss of 60.8 billion cedi (more than $5 billion at the time). The country also suffered other economic shocks such as the depreciation of its ...
Cedi House is a 14-storey building in Accra, Ghana that houses the Bank of Ghana and the Ghana Stock Exchange. Cedi House is located at Victoria Borg on the main Independence Avenue in Ridge Accra. Cedi House is located at Victoria Borg on the main Independence Avenue in Ridge Accra.