Ghanaian Cedi


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Ghanaian Cedi

The currency of Ghana. The first cedi was issued in 1965 and was pegged to the British pound. Two years later, the second cedi was issued with a different peg. It briefly floated in the late 1970s but was subject to high inflation. To counteract the inflation, the third cedi was issued in 2007, after which inflation eased significantly.
References in periodicals archive ?
According to the AfDB, the funds will be drawn in multiple African currencies that include the Ghanaian Cedi, Nigerian Naira, the Kenyan Shilling, the Zambian Kwacha, the Mozambican Metical and the Tanzanian Shilling.
In a press statement released on December 12, 2012, AfDB said the line of credit will be drawn in multiple African currencies including the Ghanaian Cedi, Nigerian Naira, the Kenyan Shilling, the Zambian Kwacha, the Mozambican Metical and the Tanzanian Shilling.
The line of credit will be drawn in multiple African currencies including the Nigerian Naira, the Kenyan Shilling, the Zambian Kwacha, the Ghanaian Cedi, the Mozambique Metical and the Tanzanian Shilling.
High gold prices should also help keep the South African rand and probably the Ghanaian cedi strong against the greenback, and support foreign investor flows to their respective stock markets this year.
Over the past year, the Ghanaian cedi has remained quite stable against major currencies, thanks to prudent policies, growing international confidence in President Kufuor's government, higher donor inflows and an improved outlook for key exports (cocoa and gold).