The Ghana Cedi (currency sign: GH¢; currency code: GHS) is the unit of currency of Ghana. The word "cedi" is derived from the Akan word for cowry shell (Cowry shells were once used in Ghana as a form of currency). 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 "gold."
Read more about Ghana Cedi: Currency Sign, Exchange Rate History
Famous quotes containing the word ghana:
“While the rest of the world has been improving technology, Ghana has been improving the quality of man’s humanity to man.”
—Maya Angelou (b. 1928)