Currency
The cedi (currency sign: ₵; currency code: GHS) is the unit of currency of Ghana. One cedi is divided into one hundred pesewas. The present cedi was introduced on July 3, 2007, and was equal to 10,000 old cedi when redenomination saw four zeros lopped off the value. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007.
The word "cedi" is derived from the Akan word for cowry shell. Cowry shells were once used in Ghana as a form of currency.
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".
For up-to-date exchanges rates, please access www.xe.com
Most hotels, restaurants, travel agencies and the bigger shops will take credit /debit cards. Most of the bigger banks will advance local currency against a credit card.
Standard Chartered, Ecobank, Zenith, Stanbic and Barclays Banks have ATMs which accept Visa cards for cash. The most common international currencies are USD, British Pounds and Euro.
No comments:
Post a Comment