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Ghana currency rates
Ghana currency rates





ghana currency rates ghana currency rates

Trading through an online platform carries additional risks. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Information on this website is general in nature. You may lose more than you invest (except for OANDA Europe Ltd retail customers who have negative balance protection). We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. All other trademarks appearing on this Website are the property of their respective owners. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. The New Cedi has become one of Africa’s higher valued currencies (rather than one of the least valued, the case with the second Cedi). The currencies remained pegged to each other at this exchange value. One New Cedi was worth 10,000 second Cedis. On July 1, 2007, the third Cedi, the currently used Ghanaian New Cedi, was introduced.However, within months, the second Cedi was devalued to a rate of 2.45 second Cedi = 1 Pound, less than the value of the first Cedi. The second Cedi was initially pegged to the British Pound at a rate of 2 Cedi = 1 Pound.The first Cedi was introduced in 1965, replacing the British Pound at a rate of 2.4 Cedi = 1 Pound, or 1 pesewa = 1 penny.These are probably best considered as medallic coinage, and may have no legal tender status. A number of Ghanaian New Cedi coins have also been issued in Sika denominations.One Ghanaian New Cedi is divided into one hundred Ghana pesewas.It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. The Ghanaian New Cedi was introduced on Jand is equal to 10,000 old (Second) Cedis.Main tourist destinations include UNESCO World Heritage Sites as Cape Coast Castle and Elmina Castle, Kakum National Parks and National Park Mole National Park, and cultural celebrations like Panafest.As a result, tourism is a rapidly growing sector, particularly among Europeans, Americans, and others connected to the Ghanaian Diaspora abroad. Ghana’s political and economic stability, low crime rate, and the use of the English language across the country make it an attractive entry point to West Africa for foreigners.Raw materials such as these are the main source of foreign exchange. Other export products include cocoa, oil, wood, electricity, diamonds, bauxite and manganese. Known for its gold in the colonial era, Ghana remains one of the largest gold producers.With copious natural resources, Ghana has more than twice the per capita output of poorer countries in West Africa. Ghana's economy was ranked as one of the fastest growing economies in the world in 2011, with economic growth predicted at about 20% in 2011.It is bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south. The Ghanaian Cedi is the official currency for Ghana, a country located in West Africa.







Ghana currency rates