16/09/2019: Ghana Goes Cashless
The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.
29/12/2014: Introduction of new Bahamian dollar variants
New variants of the Bahamian dollar banknotes, featuring improved security features, were introduced to combat counterfeit money.
05/07/2012: GHS Symbol Change
The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.
03/07/2007: Decimals Dropped
The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.
01/07/2002: Replacement of New Cedi
The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.
17/07/1978: Second Cedi Introduced
Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.
27/12/1974: Devaluation of the Bahamian dollar
The Bahamian dollar was devalued by 50% to stimulate the country's tourism industry and boost its economy.
10/07/1973: Independence from British rule
The Bahamas gained independence from British rule, maintaining the Bahamian dollar as its currency.
09/09/1969: Currency Board Agreement
The Bahamas entered into a Currency Board Agreement with the Eastern Caribbean Currency Authority, establishing fixed exchange rates for their currencies.
01/01/1966: Introduction of the Bahamian dollar
The Bahamian dollar was introduced, replacing the British pound as the official currency of the Bahamas.
19/07/1965: Cedi Introduced
The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.
06/03/1957: Ghana's Independence
Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.
06/08/1866: Adoption of the British pound
The Bahamas officially adopted the British pound sterling as their currency, replacing the Bahamian pound.
06/06/1853: Introduction of the Bahamian pound
The Bahamian pound was introduced as the official currency of the Bahamas, replacing the Spanish dollar.