In 2021, the oil and gas sector was projected to add 10.59 billion Ghanaian cedis (GHS), around 1.83 billion U.S. dollars, to the Gross Domestic Product . USD To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. This had the effect of driving nearly all commerce underground, where black market prices for commodities were the norm, and nothing existed on store shelves. With the currency converter, you can convert 300,000 United States Dollars to Cedis and find out how much three hundred thousand dollars is currently worth in Cedis. which aggregates real-time forex data from the most authoritative sources. The GHC was introduced on July 3, 2007. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. In the majority of cases, this data is sufficient to predict future changes. Further pegs were set of $0.55 in 1971, $0.78 in 1972, and $0.8696 in 1973 before the currency was floated in 1978. [20][21] Most of the Ghanaian banknotes have been changed slightly from one year's issue to the next year's issue in the ongoing technological fight against counterfeit money. Get in touch with us now. GHS The exchange rate used for the USD/GHS currency pair was : 11.75. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. The currency code for Cedis is GHS, and the currency symbol is GH. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. 2000 Euros to US Dollars. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. In the majority of cases, this data is sufficient to predict future changes. Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more, JPMorgan shares pop after the bank takes over embattled First Republic. 1 Million GHS to USD - Ghanaian Cedis to US Dollars Don't forget to look at and compare exchange rates from other banks available from 2 sources. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 10 Million Won to USD. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. 1 USD . A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. The introduction of the new denomination coincided with the conclusion of the year-long centenary celebrations of the birth of Kwame Nkrumah, Ghana's first president, and has the commemorative text "Centenary of the Birth of Dr.Kwame Nkrumah".[5]. Sending 2000.00 USD with. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. Sponsored . Click on the drop-downs to select the currencies you want to convert between. This is for informational purposes only. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". 2000 US dollars to Ghanaian cedis - Wise Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. The Bank of Ghana has never stated if they are simply holding back already stamped coins until they are needed or if they are stamping coins successively with old issue years. GHS | Ghanaian New Cedi | OANDA According to the mid-point between the "buy" and "sell" from global currency markets. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. Note: Rates obtained from these websites may contradict with, Last edited on 31 December 2022, at 11:32, The shield from the Coat of arms of Ghana, "Metal cedis and pesewas modern coins of Ghana", "Don't Give Out Change In Old notes, Coins", "Ghana Cedi at risk of sliding to 4 per Dollar, HFC says", "Bank of Ghana to phase out GH1 and GH2 notes soon", "GH1 and GH2 coins won't suffer fate of 1 pesewa coin Financial Expert assures", "We're already 'Breaking the 10'; the dollar is over-speeding Dr. Otchere-Ankrah 'shades' NPP", "CORRECTED-Ghana consumer inflation rises to 37.2% in September, statistics service says", "Emerging-Market Debt Is Sliding Into Distress. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Some transactions could only then be done in foreign currencies (although that was technically illegal), and other, more routine transactions began to revert to barter. The current exchange rate is equivalent to 11.7897. . Click on the drop-downs to select the currencies you want to convert between. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Convert 1 US Dollars to Cedis - (USD in GHS) The exchange rate of the United . 3 That's it. Wise never hides fees in the exchange rate. The current exchange rate is equivalent to 0.0848. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more, JPMorgan shares pop after the bank takes over embattled First Republic. Convert USD/GHS - Wise US dollars to Ghanaian cedis Convert USD to GHS at the real exchange rate USD Converted to GHS 1.00000 USD = 11.66000 GHS Mid-market exchange rate at 11:47 UTC Track the exchange rate Send money The safe and easy way to exchange your money This chart will allow users to see the USD/GHS oscillation, and look at last year's data. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! You won't receive this rate when sending money. This is for informational purposes only. In 1979 a currency confiscation took place. [2], Because of the rampant inflation in the decades before the exchange the second cedi was only worth a small fraction of its original value. As of today at 01:00AM UTC one billion five hundred million ghanaian cedis is equal to $127,229,851.58 (USD) or one hundred twenty-seven million two hundred twenty-nine thousand eight hundred fifty-one us dollars 58 cents. Popular US Dollar (USD) Pairings. The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. 1,000,000.00 The word "cedi" derives from the African word for . You should conduct your own research, review, Today's Value of 14,000,000 Dollars Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. 13.93 USD. 23245.57 GHS Save up to 185.57 GHS. purchasing power compared to Ghanaian Cedi over the last 10 years. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. The new currency was not introduced as the third cedi but is instead officially called the "Ghanaian cedi" (GH), in contrast to the second cedi that was officially known as the "new cedi". It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. The government decided to "cut" four zeros off the currency by switching to the third cedi. = 164,505,460.00 The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Click on the drop-downs to select the currencies you want to convert between. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. A year ago today, on this day, they provided the equivalent of 1,500,000,000.00 ghanaian cedis for $199,544,639.13 us dollars, which is $72,314,787.55 more than it is now. You won't receive this rate when sending money. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to "Open Exchange Rates" and provides the information in its best way. Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Finally, with foreign currency completely drying up for all import transactions, the government was forced to begin a process of gradual devaluation, and a liberalization of its strict price controls. The table shows the data and analysis of the variations. The first modern coins exclusively used at the Gold Coast were produced in 1796 but cowries were used alongside coins and gold dust as currency until 1901.[1]. Our smart tech means were more efficient which means you get a great rate. More Ghanaian Cedi info. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise [citation needed]. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. This rate was equivalent to 1 = 0.98U.S. dollars and the rate to the dollar was maintained when sterling was devalued in November 1967. , Feb 2, 2023. provides the information in its best way. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org,
[4], On 14 May 2010, a GH2 banknote was issued to meet public need for an intermediate denomination and reduce the frequency, and associated cost, of printing large volumes of the GH1 banknote. Inverse: 1,000,000.00 GHS = 84,819.90 USD. Every time. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Decades of high inflation devalued the new cedi, so that in 2007 the largest of the "new cedi" banknotes, the 20,000 note, had a value of about US$2. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. in Ghana Cedi is 11,750,390 (GHS). Receive daily email about the USD GHS exchange rate. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Exchange rate (1 USD GHS) Cheapest. up +401.16%
1 Input your amount. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Exchange rates can fluctuate by the minute while markets are open. The exchange rate of the United States Dollar in relation to the Ghana Cedi on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Recipient gets (Total after fees) Transfer fee. Check out the market overview Set an alert now, and well tell you when it gets better. In the last 10 years, the US Dollar is
USD USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org And if they have a fee, they charge you twice. Type the amount, select the original currency and the currency to which you want the amount to be converted. 1 US dollar to Ghanaian cedis - Wise 10 Million USD to GHS - US Dollar to Ghana Cedi Currencies Trading Calendar Online Currency Converter Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. As of today at 00:00AM UTC one billion five hundred million ghanaian cedis is equal to $132,754,864.34 (USD) or one hundred thirty-two million seven hundred fifty-four thousand eight hundred sixty-four us dollars 34 cents. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs.