[20][21] Most of the Ghanaian banknotes have been changed slightly from one year's issue to the next year's issue in the ongoing technological fight against counterfeit money. The symbol for the currency is "GH", used as a prefix. In 2021, the oil and gas sector was projected to add 10.59 billion Ghanaian cedis (GHS), around 1.83 billion U.S. dollars, to the Gross Domestic Product . 100 Canadian to USD. These six denominations were still in circulation until 2007. By 1983 the cedi was worth about 120 to one U.S. dollar on the black market, a pack of cigarettes cost about 150 (if they could be found), but the bank rate continued at 2.80 = $1.00. 1 Million Dollars to Ghana Cedis - 1 Million USD to GHS - Fx Rates Live US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise It is the fourth historical and only current legal tender in the Republic of Ghana. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. 1 US dollar to Ghanaian cedis - Wise Ghanaian cedi - Wikipedia 2000 Euros to US Dollars. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. The current exchange rate is equivalent to 0.0848. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, Last rates updated 2023-04-29. The current exchange rate is equivalent to 0.0848. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. Alternatively, you may try converting US Dollars to Ghanaian Cedis. 2 Choose your currencies. 1 Input your amount. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. You can use this calculator offline while travelling in Ghana. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. How to convert US dollars to Ghanaian cedis. 1 Input your amount. Ghana: oil contribution to GDP 2014-2024 | Statista Set an alert now, and well tell you when it gets better. While the USDGHS spot exchange rate is quoted and exchanged in the same day, the USDGHS forward rate is quoted today but for delivery and payment on a specific . Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. Click on the drop-downs to select the currencies you want to convert between. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. . [2], Because of the rampant inflation in the decades before the exchange the second cedi was only worth a small fraction of its original value. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 1 Million USD to GHS - US Dollars to Ghanaian Cedis Every time. GHS The new republic's first independent currency was the Ghanaian pound (19581965). it into the desired position in your websites HTML source code. = 11,750,390.00 Our smart tech means were more efficient which means you get a great rate. Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more, JPMorgan shares pop after the bank takes over embattled First Republic. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live This rate was equivalent to 1 = 0.98U.S. dollars and the rate to the dollar was maintained when sterling was devalued in November 1967. [15] Beside the coins in general circulation the bank have also issued commemorative coins[16] These special coins have been issued in shillings (1958), crowns (1965), pounds (19581977), sikas (19972003) and cedis (2013-). Apr/27. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08.
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