Inverse: 1,000,000.00 GHS = 84,819.90 USD. The exchange rate used for the USD/GHS currency pair was : 11.75. The exchange rate used for the USD/GHS currency pair was : 11.75. The exchange rate used for the NGN/GHS currency pair was : .026. one hundred old pence, so that 1 pesewa was equal to one penny. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. GHS Ghanaian Cedi. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. Alternatively, you may try converting US Dollars to Ghanaian Cedis. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Get in touch with us now. Our smart tech means were more efficient which means you get a great rate. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States 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. Ghanaian cedi - Wikipedia US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Currency Rate Change; EUR / USD: . Click to copy to clipboard. 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. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). Check out the market overview 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. 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). it into the desired position in your websites HTML source code. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live Type the amount, select the original currency and the currency to which you want the amount to be converted. 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 GHC was introduced on July 3, 2007. You should conduct your own research, review, 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. Convert from Ghana Cedi (GHS) to United States Dollar (USD) 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. GHS | Ghanaian New Cedi | OANDA -0.3982. 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. 1 Million Won to USD. Select the period for plotting the chart. = 164,505,460.00 And with our daily summaries, youll never miss out on the latest news. . This chart shows data from 2022-5-2 to 2023-5-1. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. Live Currency Rates. One cedi is divided into one hundred pesewas (Gp). Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. 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 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. [22] Such changes are frequent and are not covered in this list. which aggregates real-time forex data from the most authoritative sources. Last rates updated 2023-04-29. one hundred old pence, so that 1 pesewa was equal to one penny. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. Be on the lookout for any changes, ready up-to-date. 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. In the majority of cases, this data is sufficient to predict future changes. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe 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. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. 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 . 11537.02 GHS Save up to 419.51 GHS. 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. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. Some coins are held back and released years after they are issued. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Over 70 million downloads worldwide. 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. 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, The currency code for Ghanaian Cedis is GHS. [4], On 14 May 2010, a GH2 banknote was issued to meet public need for an intermediate denomination and reduce the frequency, and associated cost, of printing large volumes of the GH1 banknote. = 11,750,390.00 Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi 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. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. We use cookies to personalize content, ads and to analyze our traffic. 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). 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. Alternatively, you may try converting US Dollars to Ghanaian Cedis. For one million cedis (GHS) you get today 84,819 dollars 90 cents (USD) at an exchange rate of 0.08482 as of 01:00 AM UTC. The new republic's first independent currency was the Ghanaian pound (19581965). 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. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Simply type in the box how much you want to convert. These six denominations were still in circulation until 2007. 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. 2 Choose your currencies. [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-). Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. Click on the drop-downs to select the currencies you want to convert between. [citation needed]. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. 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. 1,000,000.00 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. They add hidden markups to their exchange rates - charging you more without your knowledge. Simply type in the box how much you want to convert. We give you the real rate, independently provided by Reuters. Only coins that have been or are in general circulation are included in this list. Be on the lookout for any changes, ready up-to-date. This had the effect of driving nearly all commerce underground, where black market prices for commodities were the norm, and nothing existed on store shelves. The Ghanaian Cedi is the currency of Ghana. Click on the drop-downs to select the currencies you want to convert between. [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. Current tool convert USD in GHS using live average market currency rates. And if they have a fee, they charge you twice. 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. provides the information in its best way. dollar. gained 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. 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. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. The word cedi is the Akan word for cowry shell. 100 Canadian to USD. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. After the 50 note confiscation, the 20 note was the highest cedi denomination, but had a street value of only about $0.35 (U.S.). A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status.
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