14 Million USD to GHS - 14000000 Dollars to Ghana Cedi 1 USD . Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. provides the information in its best way. The African name Cedi (19651967) was introduced in place of the old British pound system. It is the fourth historical and only current legal tender in the Republic of Ghana. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". 1 Input your amount. Every time. A year ago today, on this day, they provided the equivalent of 1,000,000.00 ghanaian cedis for $133,029.76 us dollars, which is $48,209.86 more than it is now. We use cookies to personalize content, ads and to analyze our traffic. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Exchange-Rates.org 2023 MBH Media, Inc. The currency code for Cedis is GHS, and the currency symbol is GH. This process ended in 1990 with a free float of the cedi against foreign currencies. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and = 164,505,460.00 This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. 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. 1 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. one hundred old pence, so that 1 pesewa was equal to one penny. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. How to convert US dollars to Ghanaian cedis. 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. The current exchange rate is equivalent to 0.0848. Some coins are held back and released years after they are issued. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. 1 US dollar to Ghanaian cedis Exchange Rate. You should conduct your own research, review, Alternatively, you may try converting Ghanaian Cedis to US Dollars. Inflation continued (see the exchange rate chart) until by July 2007, one US dollar was worth about 9500, and a transition to the third cedi was initiated. The high point for the USD/GHS rate 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. The Ghanaian Cedi is the currency of Ghana. , Feb 2, 2023. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. in Ghana Cedi is 164,505,460 (GHS). USD Every time. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. You won't receive this rate when sending money. 13.93 USD. . It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. Convert 1 US Dollars to Cedis - (USD in GHS) GHS - Ghanaian Cedi rates, news, and tools | Xe This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. The table shows the data and analysis of the variations. The cedi's value continued to be eaten away on the black market. The years of issue do not indicate that the series has been printed every year in the period, but that the banknote has been issued more than once in the given period. in Ghana Cedi is 11,750,390 (GHS). Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. And with our daily summaries, youll never miss out on the latest news. -0.3982. Click to copy to clipboard. Today's Value of 1,000,000 Dollars it into the desired position in your websites HTML source code. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. The new republic's first independent currency was the Ghanaian pound (19581965). Check out the market overview 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. Sponsored 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X Last rates updated 2023-04-29. Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. 1,000,000.00 Convert USD/GHS - Wise 1 US dollar 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 03:27 UTC Track the exchange rate Send money The safe and easy way to exchange your money 11.7000 Mid-market rate. Simply type in the box how much you want to convert. analyse and verify our content before relying on them. 1 Million Won to USD. The table shows the data and analysis of the variations. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. The table shows the data and analysis of the variations. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. These six denominations were still in circulation until 2007. Click on the drop-downs to select the currencies you want to convert between. 3 That's it. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Be on the lookout for any changes, ready up-to-date. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. The word cedi is the Akan word for cowry shell. Select the period for plotting the chart. Federal Reserve Bank Historical Exchange Rates For Ghana Cedi to United States Dollar 120-day exchange rate history for GHS to USD Quick Conversions from Ghana Cedi to United States Dollar : 1 GHS = 0.0849132 USD Last Updated 4/30/2023 7:41:03 PM . GHS In the majority of cases, this data is sufficient to predict future changes. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. It has since lost over 90% of its value. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). The list is sorted at the top, from left to right, in descending order. Recipient gets (Total after fees) Transfer fee. 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. How to convert US dollars to Ghanaian cedis. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The GHC was introduced on July 3, 2007. . The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. = 11,750,390.00 You should conduct your own research, review, Alternatively, you may try converting US Dollars to Ghanaian Cedis. History. 300000 United States Dollars (USD) to Ghana Cedis (GHS) today 14 Million USD to GHS. The USD and GHS can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. Popular US Dollar (USD) Pairings. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. Current tool convert USD in GHS using live average market currency rates. The exchange rate used for the USD/GHS currency pair was : 10.75. The United States Dollar to Cedi exchange rate on the chart allows you to track changes over different periods and draw conclusions about possible forecasts of the exchange rate of one currency in relation to another. This is for informational purposes only. USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org 1 Million USD to GHS - US Dollars to Ghanaian Cedis. How to convert Ghanaian cedis to US dollars. Simply type in the box how much you want to convert. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. However, the 10 cedis (~0.1 U.S. cents) and 20 cedis (~0.2 U.S. cents) coins were not seen much due to their small value. One Ghana cedi is divided into one hundred pesewas (Gp). The current exchange rate is equivalent to 11.7897. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). 3 That's it. 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 Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter 2000 Euros to US Dollars. GHS Our currency converter will show you the current rate and how its changed over the past day, week or month. The USD/GHS rate is up +56.84%. The word "cedi" derives from the African word for . 23245.57 GHS Save up to 185.57 GHS. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. [15] Beside the coins in general circulation the bank have also issued commemorative coins[16] These special coins have been issued in shillings (1958), crowns (1965), pounds (19581977), sikas (19972003) and cedis (2013-). In the last 10 years, the US Dollar is More Ghanaian Cedi info. The US Dollar is USD 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. Our smart tech means were more efficient which means you get a great rate. 1 US dollar to Ghanaian cedis - Wise Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 1 Input your amount. 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. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar 2 Choose your currencies. Below, you'll find Ghanaian Cedi rates and a currency converter. This chart shows data from 2022-5-2 to 2023-5-1. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. However, from a monetary perspective, currency confiscations have the effect of reducing the available cash in the economy, and thereby slowing the rate of inflation. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 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. dollar. The cost of 300000 United States Dollars in Ghana Cedis today is 3,536,905.80 according to the Open Exchange Rates, compared to yesterday, the exchange rate remained unchanged. The cost of 300,000 United States Dollars in Ghana Cedis today is 3,247,283.40 according to the "Open Exchange Rates", compared to yesterday, the exchange rate increased by 0.46% (by +0.05). Here's what the experts have to say, Bitcoin pulls back to start May as First Republic Bank saga comes to an end, Mastering this skill is the hardest part of personal finance, advisors say, Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more, Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic, Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more, JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008, Charlie Munger says the U.S. commercial property market is in trouble: FT report, Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic. Get in touch with us now. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . against the Ghanaian Cedi. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. Banks and other transfer services have a dirty little secret. As of today at 01:00AM UTC one million ghanaian cedis is equal to $84,819.90 (USD) or eighty-four thousand eight hundred nineteen us dollars 90 cents. The cryptocurrency values displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. Our currency converter is simple to use and also shows the latest currency rates. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Currency Rate Change; EUR / USD: . Click on the drop-downs to select the currencies you want to convert between. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe 100 Canadian to USD. 1 Million USD to GHS - US Dollars to Ghanaian Cedis for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. However, many Ghanaians who were hoarding large amounts of cedis feared reprisal if they tried to convert all of it, and so simply burned a lot of their money. -1.36%. The currency symbol is GH. 14,000,000.00 After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. The years of issue does not indicated that the series have been coined every year in the period but that the coin has been issued more than once in the stated period. [11], By October 2022, the cedi became the world's worst performing currency, having lost 60% of its value relative to the U.S. dollar since the end of 2021. Our smart tech means were more efficient which means you get a great rate. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. Sending 2000.00 USD with. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. 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 was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. To add USD to GHS #widget to your website, you simply need to copy the code below and paste The exchange rate used for the USD/GHS currency pair was : 11.75. Simply type in the box how much you want to convert. The exchange rate used for the USD/GHS currency pair was : 11.75. [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. 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. Apr/27. -41.27%. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. 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]. You won't receive this rate when sending money. In the early 1980s, the government started cracking down hard on the retail of products at prices other than the official established sale price (also known as price controls). GHS | Ghanaian New Cedi | OANDA Ghana: oil contribution to GDP 2014-2024 | Statista 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. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. You can use this calculator offline while travelling in Ghana. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Type the amount, select the original currency and the currency to which you want the amount to be converted. British pounds sterling to Ghanaian cedis - Wise 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. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. 3 That's it. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. 1 Million Dollars to Ghana Cedis - 1 Million USD to GHS - Fx Rates Live The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Any use of our content is solely at your own risk and discretion. 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. 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X 1 USD in GHS: 10 days history. Coins and bank accounts were unaffected. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. 1 Input your amount. up +18.00% We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 1 thousand US dollars to Ghanaian cedis - Wise Receive daily email about the USD GHS exchange rate. 11537.02 GHS Save up to 419.51 GHS. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. Today's Value of 14,000,000 Dollars The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Currency Information. Click on the drop-downs to select the currencies you want to convert between. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. This means the US Dollar has increased in value compared to the Ghanaian Cedi. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Sending 1000.00 USD with. 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. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. One cedi is divided into one hundred pesewas (Gp). In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. 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. 2 Choose your currencies. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, And if they have a fee, they charge you twice. For the basic conversion, we use the midpoint . 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. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Simply type in the box how much you want to convert. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. one hundred old pence, so that 1 pesewa was equal to one penny. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. Our currency converter will show you the current rate and how it's changed over the past day, week or month. 3.8/5, 90.8k ratings. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. Only coins that have been or are in general circulation are included in this list.
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