Ghana Cedi (GHS) Profile
Currency name:
Ghana cedi GHS converter to world currencies »
Currency code:
Currency symbol:
GH¢
Subunit:
1/100, Ghana pesewa; symbol: Gp
Coins freq used:
GH¢ 1, 1Gp, 5Gp, 10Gp, 20Gp, 50Gp
Coins rarely used:
Banknotes freq used:
GH¢ 5, GH¢ 10, GH¢ 20, GH¢ 50
Banknotes rarely used:
Central bank:
Bank of Ghana ( www.bog.gov.gh)
Currency users:
Currency notes:
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Currency user map:
Ghana cedi users
The Ghana cedi is the currency of Ghana (officially the Republic of Ghana), which is a country in West Africa.
Ghana declared independence from the United Kingdom on March 6, 1957, and became the first African country to gain independence from colonialism.
Ghana cedi history
Currently, the circulating cedi is the third introduction, which replaced the second cedi because of inflation. The first Ghana cedi was introduced in 1965 and replaced the Ghanaian pound.
| Currency name | Used in Ghana | Notes |
|---|---|---|
| Ghanaian cedi (third) | July 3, 2007-present | Currently in circulation, the cedi is the third cedi (currency code: GHS) and was introduced in 2007 because of inflation. It replaced the 2nd cedi at a rate of 1 GHS = 10,000 GHC. |
| Ghanaian cedi (second) | Feb. 23, 1967 - July 2, 2007 | The 2nd Ghanaian cedi (currency code: GHC) was introduced in 1967 and replaced the first cedi at a rate of 1 second cedi = 1.2 first cedi because of decimal conversion. |
| Ghanaian cedi (first) | July 19, 1965 - Feb. 22, 1967 | 1. The first cedi was introduced in 1965 and replaced the Ghanaian pound at 2.4 first cedi = 1 pound or 1 pesewa = 1 penny. 2. The first cedi was pegged to the British pound at a rate of 2.4 cedi = 1 British pound. |
| Ghanaian pound | 1958-1965 | Ghanaian pound was introduced in 1958 and replaced the British West African pound. It was subdivided into 20 shillings, each of 12 pence. |
| British West African pound | 1896-1958 | The British West African pound was equal to the Pound sterling and subdivided into 20 shillings, each of 12 pence. |
Ghana cedi coins and banknotes
The Ghana cedi is subdivided into 100 Ghana pesewa.
Currently, in circulation, coins are in denominations of 1, 5, 10, 20, 50 Ghana pesewa, and 1 cedi, and banknotes are in denominations of 1, 2, 5, 10, 20, 50 cedi.