The currency of Ghana is known as the Ghanian cedi. The cedis is not a major currency like U.S. dollars, euros, and British pounds sterling. It is one of the strongest currencies in West Africa although it has its deficiencies. While there are some claims that Ghanaians are making so much money that billionaires and millionaires are being created in the country, the Ghanaian cedi shows both weakness and strength every year. The time for Ghana's economy to rise up is now. TMEINGHANA.COM will dedicate this part of the website for things relative to currencies.
What Is The Ghanaian Cedi Currency Like?
While TIMEINGHANA.COM is focused on providing the time in Ghana, it will attempt to use some of its resources to create pages about the Ghanaian cedi (GHS). Without the Ghanaian cedi, most Ghanaians would not be able to engage in trade. Ghana's economy depends on trade. In the same token, Ghana's economy cannot survive without the Ghanaian cedi performing well than other currencies when the forex market is actively being traded in many economies. The cedis may not be among the strongest foreign currencies of the world. However, it is certainly a force to be reckoned with in the African continent, particularly in West Africa. The South African rand (ZAR) is stronger than cedis but expect the latter to be stronger than, for instance, Liberian dollars (LD$). Some currencies are strong in Africa, not all of them. As of January 4, 2020, $1 converts to 5 GHS and 71 pesewas. Yes, 1 U.S. dollars (USD) is 5 cedis and 71 pesewas. For the conversion of ZAR to GHS, 1 South African rand is equal to 40 pesewas. The monetary unit pesewa is like the cents of the USD. Note that the current exchange rate information is always important when doing currency conversions.