About the Ghanaian Cedi
The current Ghanaian Cedi (GHS) was introduced in 2007, replacing the previous cedi (GHC) at a rate of 10,000:1 to combat inflation and simplify transactions.
The word 'Cedi' is the Akan word for 'cowrie shell', which were historically used as currency in the region.
Interesting Facts
From Cowrie Shells to Cedi
The name 'Cedi' comes from the local word for 'cowrie shell', a form of currency used in West Africa for centuries.
The Big Six
Ghanaian banknotes feature portraits of 'The Big Six', the leaders who led the country to independence from Britain.
Cocoa and Gold
The Ghanaian economy and the Cedi's value are heavily influenced by the global prices of its main exports, cocoa and gold.
Historical Timeline
Ghana gains independence, the first sub-Saharan African country to do so.
The first Cedi is introduced, replacing the Ghanaian pound.
The third and current Cedi (GHS) is introduced, removing four zeros.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- GHS
- Symbol
- GH₵
- Numeric Code
- 936
- Subunit
- Pesewa (1/100)
- Introduced
- 2007-07-03
Central Bank
- Name
- Bank of Ghana
- Headquarters
- Accra, Ghana
- Founded
- 1957
- Current Governor
- Ernest Addison (since 2017)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 25.0%
- Interest Rate
- 29.00%
Exchange Rates
What Affects the GHS Exchange Rate?
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