Ghanaian cedi
E34475
The Ghanaian cedi is the official national currency of Ghana, used for everyday transactions and monetary policy in the country.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
fiat currency
→
national currency → |
| banknoteDenominationsExample |
1 cedi
→
10 cedis → 100 cedis → 2 cedis → 20 cedis → 200 cedis → 5 cedis → 50 cedis → |
| centralBank |
Bank of Ghana
→
|
| coinDenominationsExample |
1 cedi
→
1 pesewa → 10 pesewas → 2 cedis → 20 pesewas → 5 pesewas → 50 pesewas → |
| country |
Ghana
→
|
| dateOfIntroduction |
2007
→
|
| denominationType |
banknotes
→
coins → |
| exchangeRateRegime |
managed float
→
|
| hasInflationRisk |
yes
→
|
| ISO4217Code |
GHS
→
|
| issuingAuthority |
Bank of Ghana
→
|
| languageOfName |
English
→
|
| legalTenderIn |
Ghana
→
|
| monetaryAuthorityJurisdiction |
Republic of Ghana
→
|
| monetaryPolicyInstrument |
interest rate set by Bank of Ghana
→
open market operations in cedi-denominated securities → |
| monitoredBy |
International Monetary Fund
→
|
| namedAfter |
cowry shells (cedi in Akan)
→
|
| officialCurrencyOf |
Ghana
→
|
| redenomination |
10,000 old cedis = 1 new cedi
→
|
| region |
West Africa
→
|
| regulatesMonetaryPolicy |
Bank of Ghana
→
|
| replaced |
second cedi
→
|
| subunit |
Ghanaian pesewa
→
|
| subunitToUnit |
100 pesewas = 1 cedi
→
|
| symbol |
GH₵
→
₵ → |
| usedFor |
everyday transactions
→
government budgeting in Ghana → monetary policy implementation → payment of taxes in Ghana → pricing goods and services in Ghana → |
| usedIn |
Ghana
→
|
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
Accra
→
Ghana → |
currency |
|
Ghana’s Ga District (friendship city)
→
|
usesCurrency |