GHC · GHC
Ghanaian Cedi (GHC)
The Ghanaian Cedi (GHC) is the official currency of Ghana, issued by the Bank of Ghana. It has undergone several redenominations, with the current 'Ghana Cedi' introduced in 2007.
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GHC · Ghanaian Cedi
Ghanaian Cedi (GHC): Overview and History
The Ghanaian Cedi (GHC) is the official currency of the Republic of Ghana, a country located in West Africa. It is issued and regulated by the Bank of Ghana, the nation's central bank. The currency is subdivided into 100 pesewas, and its symbol is GH₵. The name 'cedi' derives from the Akan word for cowrie shell, which was historically used as a form of currency in the region.
The modern cedi has a complex history. The first cedi was introduced in 1965, replacing the Ghanaian pound. However, due to high inflation, the currency was redenominated in 2007, with 10,000 old cedis (GHC) being exchanged for 1 new Ghana cedi (GHS). The new currency was introduced to simplify transactions and restore confidence in the monetary system. Since then, the cedi has faced various economic challenges, including fluctuations in value against major world currencies.
Today, the Ghanaian Cedi is used in all economic activities within Ghana, from everyday retail transactions to large-scale commercial deals. The Bank of Ghana manages the currency's supply and implements monetary policies to maintain price stability. While the cedi is not widely traded internationally, it is an essential part of Ghana's economy and a symbol of national sovereignty. For travelers and businesses, understanding the cedi's value and its historical context is important for financial planning and transactions in Ghana.
- Code
- GHC
- Symbol
- GHC
- Current rate
- USD / GHC
Currency information
Last updated · 8/7/2026
Introduced in 1965, replacing the Ghanaian pound.
- Official name
- Ghanaian Cedi
- Legal tender status
- Legal tender in Ghana
- Decimal places
- 2
- Minor unit
- Pesewa · 1 GHC = 100 Pesewa
- Countries
- Ghana
- Issuing authority
- Bank of Ghana
- Central bank
- Bank of Ghana · Official website
- Exchange-rate regime
- Managed float
Common banknotes
1 cedi · 5 cedis · 10 cedis · 20 cedis · 50 cedis
Common coins
1 pesewa · 5 pesewas · 10 pesewas · 20 pesewas · 50 pesewas · 1 cedi
Also known as
Cedi · Ghanaian Cedi · GHC · ₵
Practical notes
- The old cedi (GHC) was redenominated to the new Ghanaian cedi (GHS) in 2007.
Priority currency pairs
The most useful conversions for this currency.
Ghanaian Cedi questions
What is the GHC exchange rate?
The displayed rate is the latest available reference rate for USD/GHC. It can change throughout the day.
How can I convert GHC online?
Use the converter above to calculate indicative amounts between GHC and the other supported currencies.