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Apparently they hand over a one cedi note for each pile of pesewas, giving the woman a ten per cent commission, and they need the change when they fill a cab with four passengers going in the same direction, each paying a fraction of the regular fare.
34 The currency unit in Ghana is the cedi, with one cedi divided into 100 pesewas, although inflation has made these obsolete.
A total of 74,888,369 shares belonging to the Bank of Ghana (BoG) will be sold while also another set of 75,471,698 new shares from the bank proper will be sold at a share price of 2 cedis 65 pesewas. According to the bank, of this amount it will dish out 191,741 million cedis to the Bank of Ghana for its shares.
The fund, at 20 pesewas per share, commits to provide retail investors with as little as GHAo50 the chance to directly invest in the growing oil and gas industry.
The current cedi comes in 1,000, 2,000, 5,000, 10,000 and 20,000 denominations (in notes) and 500, 200 and 100 in coins (called pesewas).
Though I stand to be corrected, I can bet my last pesewas on the fact that majority of these black market forex bureau operators do not have residential and work permits to engage in the business they are doing.
In line with our innovative vision, Vodafone is providing each student access to 3600Mb data, 2400 minutes Vodafone to Vodafone calls and 960 text messages in a year for less than 10 pesewas a day.
Though connoisseurs are arguing that the currency will likely hit the threshold of GHS6 and some pesewas in the coming months, Dr Addison thinks otherwise, saying those predictions are often not realised, therefore, it is difficult to rely on them.
Additionally, its earnings per share also increased from 8 pesewas to 10 pesewas.
The VRAa s year-to-date average cost production weighed above 1.92 pesewas per kilowatt hour.
The cedi is currently being exchanged for the dollar at GHS5.20 pesewas, whilst the Pound Sterling is going for GHS6.88.
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