Convert USD/GHS - Wise US dollars to Ghanaian cedis Convert USD to GHS at the real exchange rate USD Converted to GHS 1.00000 USD = 11.66000 GHS Mid-market exchange rate at 11:47 UTC Track the exchange rate Send money The safe and easy way to exchange your money A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. A year ago today, on this day, they provided the equivalent of $1,000,000.00 us dollars for 7,517,115.00 ghanaian cedis, which is 4,272,571.00 less than it is now. The cedi's value continued to be eaten away on the black market. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. The cost of 300,000 United States Dollars in Ghana Cedis today is 3,247,283.40 according to the "Open Exchange Rates", compared to yesterday, the exchange rate increased by 0.46% (by +0.05). GHS Ghanaian cedi USD US Dollar Convert 1000000 GHS to USD For one million cedis (GHS) you get today 85,106 dollars 38 cents (USD) at an exchange rate of 0.08511 as of 23:00 PM UTC. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. British pounds sterling to Ghanaian cedis Convert GBP to GHS at the real exchange rate Amount GBP Converted to GHS 1.00000 GBP = 14.65310 GHS Mid-market exchange rate at 08:11 UTC Track the exchange rate Send money The safe and easy way to exchange your money GHS 3 That's it. The cryptocurrency values displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. History. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. one hundred old pence, so that 1 pesewa was equal to one penny. However, the time between 3-4 PM GMT is often a good time to convert US Dollars to Ghanaian Cedis because currency market liquidity and trading volume tend to be the highest during this time. The US Dollar is 11.7000 Mid-market rate. Only coins that have been or are in general circulation are included in this list. You won't receive this rate when sending money. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. Be on the lookout for any changes, ready up-to-date. Type the amount, select the original currency and the currency to which you want the amount to be converted. Our currency converter will show you the current rate and how its changed over the past day, week or month. They add hidden markups to their exchange rates - charging you more without your knowledge. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Exchange rates can fluctuate by the minute while markets are open. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Check out the market overview The list is sorted at the top, from left to right, in descending order. The cost of 300000 United States Dollars in Ghana Cedis today is 3,536,905.80 according to the Open Exchange Rates, compared to yesterday, the exchange rate remained unchanged. The table shows the data and analysis of the variations. Sponsored We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, which aggregates real-time forex data from the most authoritative sources. Over the last 7 days, the best beneficial exchange rate was $84,819.90. Below, you'll find Ghanaian Cedi rates and a currency converter. Finally, with foreign currency completely drying up for all import transactions, the government was forced to begin a process of gradual devaluation, and a liberalization of its strict price controls. The Bank of Ghana has never stated if they are simply holding back already stamped coins until they are needed or if they are stamping coins successively with old issue years. against the Ghanaian Cedi. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Sponsored provides the information in its best way. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Wise US Inc is authorized to operate in most states. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. The "new cedi" (19672007) was worth 1.2 cedis, which made it equal to half of a pound sterling (or ten shillings sterling) at its introduction. The currency code for Ghanaian Cedis is GHS. The exchange rate used for the NGN/GHS currency pair was : .026. 4.5/5, 2.2k ratings. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. Here's what the experts have to say, Bitcoin pulls back to start May as First Republic Bank saga comes to an end, Mastering this skill is the hardest part of personal finance, advisors say, Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more, Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic, Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more, JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008, Charlie Munger says the U.S. commercial property market is in trouble: FT report, Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic. 100 Canadian to USD. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. Federal Reserve Bank Historical Exchange Rates For Ghana Cedi to United States Dollar 120-day exchange rate history for GHS to USD Quick Conversions from Ghana Cedi to United States Dollar : 1 GHS = 0.0849132 USD Last Updated 4/30/2023 7:41:03 PM 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. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. 5000 . This process ended in 1990 with a free float of the cedi against foreign currencies. The USD/GHS rate is up +56.84%. We give you the real rate, independently provided by Reuters. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. You should conduct your own research, review, Further pegs were set of $0.55 in 1971, $0.78 in 1972, and $0.8696 in 1973 before the currency was floated in 1978. 3 That's it. 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. 10 Million USD to GHS - US Dollar to Ghana Cedi Currencies Trading Calendar Online Currency Converter Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. Any use of our content is solely at your own risk and discretion. The exchange rate used for the USD/GHS currency pair was : 11.75. This is for informational purposes only. The new republic's first independent currency was the Ghanaian pound (19581965). As of today at 01:00AM UTC one million ghanaian cedis is equal to $84,819.90 (USD) or eighty-four thousand eight hundred nineteen us dollars 90 cents. Last rates updated 2023-04-29. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. US dollars to Ghanaian cedis Exchange Rate. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. The years of issue do not indicate that the series has been printed every year in the period, but that the banknote has been issued more than once in the given period. In September 2021, the Bank of Ghana began the process of withdrawing GH1 and GH2 notes from circulation to encourage the use of coins of their corresponding face values. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. [22] Such changes are frequent and are not covered in this list. gained 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. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. The exchange rate used for the USD/GHS currency pair was : 10.75. In the early 1980s, the government started cracking down hard on the retail of products at prices other than the official established sale price (also known as price controls). As of today at 01:00AM UTC one billion five hundred million ghanaian cedis is equal to $127,229,851.58 (USD) or one hundred twenty-seven million two hundred twenty-nine thousand eight hundred fifty-one us dollars 58 cents. 1 Input your amount. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. Alternatively, you may try converting US Dollars to Ghanaian Cedis. 1 USD . 14 Million USD to GHS. -41.27%. The table shows the data and analysis of the variations. 2 Choose your currencies. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". With the currency converter, you can convert 300,000 United States Dollars to Cedis and find out how much three hundred thousand dollars is currently worth in Cedis. up +18.00% Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. A year ago today, on this day, they provided the equivalent of 1,000,000.00 ghanaian cedis for $133,029.76 us dollars, which is $48,209.86 more than it is now. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Just Look at Ghana", "Ghana's cedi now the world's worst-performing currency as Kenya's shilling also struggles", "$1 now 15.20; rate of depreciation to pound, euro slow down MyJoyOnline.com", "Bank of Ghana A brief historical background", "United States dollar (USD) and Ghana cedi (GHS) Exchange Rate History", https://en.wikipedia.org/w/index.php?title=Ghanaian_cedi&oldid=1130677243, GH1, GH2, GH5, GH10, GH20, GH50, GH100, GH200, W. O. II Larbi, Fred Otoo, E. Kwasi Nukpor, Miner, army officer, student, demonstrators, Original source of the above pre-2007 Ghanaian banknotes: https://www.banknotes.com/gh.htm, This page was last edited on 31 December 2022, at 11:32. The African name Cedi (19651967) was introduced in place of the old British pound system. 2 Choose your currencies. The exchange rate used for the USD/GHS currency pair was : 11.75. 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 . Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to "Open Exchange Rates" and provides the information in its best way. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. Live Currency Rates. These six denominations were still in circulation until 2007. Exchange rate (1 USD GHS) Cheapest. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. The currency code for Cedis is GHS, and the currency symbol is GH. In 1979 a currency confiscation took place. Current tool convert USD in GHS using live average market currency rates. However, from a monetary perspective, currency confiscations have the effect of reducing the available cash in the economy, and thereby slowing the rate of inflation. 1 USD in GHS: 10 days history. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. Simply type in the box how much you want to convert. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Alternatively, you may try converting US Dollars to Ghanaian Cedis. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. The currency symbol is GH. Our currency converter is simple to use and also shows the latest currency rates. The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. How to convert Ghanaian cedis to US dollars. 11537.02 GHS Save up to 419.51 GHS. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. Simply type in the box how much you want to convert. . The symbol for the currency is "GH", used as a prefix. -0.3982. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). Note: Rates obtained from these websites may contradict with, Last edited on 31 December 2022, at 11:32, The shield from the Coat of arms of Ghana, "Metal cedis and pesewas modern coins of Ghana", "Don't Give Out Change In Old notes, Coins", "Ghana Cedi at risk of sliding to 4 per Dollar, HFC says", "Bank of Ghana to phase out GH1 and GH2 notes soon", "GH1 and GH2 coins won't suffer fate of 1 pesewa coin Financial Expert assures", "We're already 'Breaking the 10'; the dollar is over-speeding Dr. Otchere-Ankrah 'shades' NPP", "CORRECTED-Ghana consumer inflation rises to 37.2% in September, statistics service says", "Emerging-Market Debt Is Sliding Into Distress. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 14,000,000.00 Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. You can use this calculator offline while travelling in Ghana. 1 Million GHS to USD - Ghanaian Cedis to US Dollars As of today at 06:00AM UTC one million ghanaian cedis is equal to $91,839.13 (USD) or ninety-one thousand eight hundred thirty-nine us dollars 13 cents. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . The third Cedi has been losing value continuously since it was introduced. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. Over 70 million downloads worldwide. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The exchange rate used for the USD/GHS currency pair was : 11.75. The current exchange rate is equivalent to 11.7897. Set an alert now, and well tell you when it gets better. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. Every time. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. More Ghanaian Cedi info. Don't forget to look at and compare exchange rates from other banks available from 2 sources. Click on the drop-downs to select the currencies you want to convert between. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. For the basic conversion, we use the midpoint . The United States Dollar to Cedi exchange rate on the chart allows you to track changes over different periods and draw conclusions about possible forecasts of the exchange rate of one currency in relation to another. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. in Ghana Cedi is 11,750,390 (GHS). The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. The word "cedi" derives from the African word for . It is the fourth historical and only current legal tender in the Republic of Ghana. The exchange rate of the United . High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. However, the 10 cedis (~0.1 U.S. cents) and 20 cedis (~0.2 U.S. cents) coins were not seen much due to their small value. USD Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. Simply type in the box how much you want to convert. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. Today's Value of 1,000,000 Dollars Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. A year ago today, on this day, they provided the equivalent of 1,500,000,000.00 ghanaian cedis for $199,544,639.13 us dollars, which is $72,314,787.55 more than it is now. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. This chart shows data from 2022-5-2 to 2023-5-1. it into the desired position in your websites HTML source code. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 1,000,000.00 provides the information in its best way. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. As a result, the US Dollar has One Ghanaian New Cedi is divided into one hundred Ghana pesewas. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. According to the mid-point between the "buy" and "sell" from global currency markets. Simply type in the box how much you want to convert. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. It has since lost over 90% of its value. The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. You should conduct your own research, review, Exchange-Rates.org 2023 MBH Media, Inc. One Ghana cedi is divided into one hundred pesewas (Gp). The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. 1 Input your amount. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar The high point for the USD/GHS rate = 164,505,460.00 To add USD to GHS #widget to your website, you simply need to copy the code below and paste Click on the drop-downs to select the currencies you want to convert between. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. Every time. The table shows the data and analysis of the variations. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. [citation needed]. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. Banks and other transfer services have a dirty little secret. The new currency was not introduced as the third cedi but is instead officially called the "Ghanaian cedi" (GH), in contrast to the second cedi that was officially known as the "new cedi". 1 Million USD to GHS - US Dollar to Ghana Cedi Currencies Trading Calendar Online Currency Converter Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. Any use of our content is solely at your own risk and discretion. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Wise never hides fees in the exchange rate. Currency Information. As of today at 05:00AM UTC one million us dollars is equal to 10,888,605.00 (GHS) or ten million eight hundred eighty-eight thousand six hundred five ghanaian cedis. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. , Feb 2, 2023. 1 US dollar to Ghanaian cedis Exchange Rate. which aggregates real-time forex data from the most authoritative sources. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. Popular US Dollar (USD) Pairings. As of today at 01:00AM UTC one million us dollars is equal to 11,789,686.00 (GHS) or eleven million seven hundred eighty-nine thousand six hundred eighty-six ghanaian cedis. Some coins are held back and released years after they are issued. Type the amount, select the original currency and the currency to which you want the amount to be converted. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. In the last 10 years, the US Dollar is The USD and GHS can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. Recipient gets (Total after fees) Transfer fee. Select the period for plotting the chart. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. [17] It is unclear if the Bank of Ghana considered commemorative crowns and sikas together with the commemorative pounds that were coined after 1965 as legal tender or simply as medallions.[18]. . Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 3.8/5, 90.8k ratings. Decades of high inflation devalued the new cedi, so that in 2007 the largest of the "new cedi" banknotes, the 20,000 note, had a value of about US$2. The Ghanaian Cedi is the currency of Ghana. Some transactions could only then be done in foreign currencies (although that was technically illegal), and other, more routine transactions began to revert to barter. The exchange rate of the United States Dollar in relation to the Ghana Cedi on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. Alternatively, you may try converting Ghanaian Cedis to US Dollars. Be on the lookout for any changes, ready up-to-date. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. However, many Ghanaians who were hoarding large amounts of cedis feared reprisal if they tried to convert all of it, and so simply burned a lot of their money. Our smart tech means were more efficient which means you get a great rate. How to convert US dollars to Ghanaian cedis. The current exchange rate is equivalent to 0.0848. One cedi is divided into one hundred pesewas (Gp). Here's what the experts have to say, Bitcoin pulls back to start May as First Republic Bank saga comes to an end, Mastering this skill is the hardest part of personal finance, advisors say, Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more, Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic, Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more, JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008, Charlie Munger says the U.S. commercial property market is in trouble: FT report, Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic. 1 USD To GHS Convert United States Dollar To Ghanaian Cedi 1 USD = 11.776143 GHS May 01, 2023 09:28 UTC Send Money Check the currency rates against all the world currencies here. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). This means the US Dollar has increased in value compared to the Ghanaian Cedi. one hundred old pence, so that 1 pesewa was equal to one penny. We use cookies to personalize content, ads and to analyze our traffic. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. In the majority of cases, this data is sufficient to predict future changes. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. Due to periods of "sustained high inflation" and "perennial depreciation of the currency", the Bank of Ghana on 29 November 2019, announced the issuance of a new 2-cedi coin and as well as new 100 and 200-cedi banknotes. Sending 1000.00 USD with. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. USD Be on the lookout for any changes, ready up-to-date. [8][9], In August 2022, accelerating inflation and continued economic mismanagement has caused the cedi's value to drop to 10 U.S. cents (GH10 = US$1). . How to convert US dollars to Ghanaian cedis. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. You won't receive this rate when sending money. The. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. [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. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. The years of issue does not indicated that the series have been coined every year in the period but that the coin has been issued more than once in the stated period. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. The current exchange rate is equivalent to 0.0848. Ghanaian Cedi. The first modern coins exclusively used at the Gold Coast were produced in 1796 but cowries were used alongside coins and gold dust as currency until 1901.[1]. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958.