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Ghana Currency

ISO 4217 code
GHS
Central bank
Bank of Ghana
 Website
www.bog.gov.gh
User(s)
Ghana
Inflation
10.4%
 Source
The Bank of Ghana,
rate as of March 2013
Subunit
 1/100
Ghana pesewa
Symbol
GH₵ (Also often GH¢)
[1]
 Ghana pesewa
Gp[1]
Coins
1, 5, 10, 20, 50Gp, GH
₵1[1]
Banknotes
GH₵1, 2, 5, 10, 20,
50[1][2]
The Ghana cedi[2]
(currency sign: GH₵;[1]
currency code: GHS) is
the unit of currency of
Ghana. The new Ghana
cedi was introduced on
1 July 2007 at a rate
equal to 10,000 old
cedis. It was the
highest-valued currency
unit
issued by sovereign
countries in Africa in
2007.
One Ghana cedi is
divided into one hundred
Ghana pesewas (Gp). A
number of Ghanaian
coins have also been
issued in "sika"
denominations. These
are probably best
considered as "medallic"
coinage, and may have
no legal tender status.
The word sika means
"money".
Etymology
The word cedi is derived
from the Akan word for
cowry shell which were
once used in Ghana as a
form of currency.


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