cedi

currency

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June 24, 2026

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The cedi is the official currency of Ghana. It is the basic monetary unit of the country. The Bank of Ghana, the central bank, issues the Ghana cedi. The term "cedi" originates from the Twi word "sedi," meaning cowry. The currency has experienced significant devaluation over time, with its value fluctuating against the U.S. dollar.123

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Ghana
Economy of Ghana
…to a devaluation of the cedi (the national currency) in 1978, a currency conversion in 1979, and a reduction of interest rates and demonetization of lower-value cedi notes in 1982. Under the restructuring program sponsored by the World Bank in the late 1980s, foreign companies and private entrepreneurs were encouraged…
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…to a devaluation of the cedi (the national currency) in 1978, a currency conversion in 1979, and a reduction of interest rates and demonetization of lower-value cedi notes in 1982. Under the restructuring program sponsored by the World Bank in the late 1980s, foreign companies and private entrepreneurs were encouraged…
Read More