Ghana Cedi : The Re-Denomination of the Cedi

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e-denomination of the Cedi

Dr. Paul Acquah Governor of Bank of Ghana

The Re-denomination of the Cedi

The current note regime places significant deadweight burden on the economy. This comes in several forms such as the high transaction costs at the cashiers, general inconvenience and high risks involved in carrying loads of currency for transaction purposes, increasing difficulties in maintaining bookkeeping and statistical records ....... click for full text...

Technical Guidelines on the Re-denomination of the Cedi

In accordance with Section 41 (4) of the Bank of Ghana Act 2002, (Act 612), the Bank of Ghana hereby announces for the information of Banks, rural banks, savings and loans companies, other financial institutions and the general public the following guidelines on the implications of the re-denomination of the cedi......... read more...

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News Highlights


15/05/2008
Ghana to Make Leap to Cashless Payments Network
A smart-card system introduced in Ghana last month is making headway but nevertheless faces frustrations often associated with ambitious projects in developing economies. ...more

13/05/2008

Welcome Address by the Deputy Governor, Dr. Mahamudu Bawumia First, let me take this opportunity to express the appreciation of the Bank of Ghana, the Ghana Association of Bankers, the Ghana Interbank Payments and Settlement System (GhIPSS), and all stakeholders to His Excellency John Agyekum Kufuor, President of the Republic of Ghana for gladly accepting our invitation to give the keynote address and launch the e-zwich common platform. ...read more

13/05/2008
Economics Exchange Rates
Following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Tuesday, May 13, 2008. ...more

13/05/2008

Make Use of e-zwich, Urges President The president, Mr. John Agyekum Kufuor, yesterday inaugurated the national electronic payment systems, popularly called e-zwich, with a call on micro, small and medium businesses to take advantage of the platform to be part of the financial system. ...read more

13/05/2008
Economics Exchange Rates
Following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Monday, May 12, 2008. ...more

07/05/2008
Ghana Cedi Loses Slightly
The Ghana Cedi on Wednesday lost slightly against the euro and the dollar pushing the Gold Coast Securities (GCS)-Cedi Index up by 0.02 points. The Index, the composite measure of the value of the Ghana cedi against the Dollar, Pound, CFA and the Euro, inched up by 106.57 points from 106.55 points on Tuesday. ...more

15/04/2008
Ghana Association of Bankers Announces Cedi Exchange Rates
Following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Tuesday, April 15, 2008. ...more

14/04/2008
Ghana Association of Bankers Announces Cedi Exchange Rates
Following are the average inter-bank exchange rate of the dollar and derived rates for the major currencies against the cedi as issued by the Ghana Association of Bankers on Monday, April 14, 2008. ...more

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