GHS · GHS
Ghanaian Cedi (GHS)
The Ghanaian cedi (GHS) is the official currency of Ghana, issued by the Bank of Ghana. It was introduced in 2007, replacing the old cedi at a rate of 1:10,000.
Convert this currency
Converted amount
0.0851 USD
Exchange rate
1 GHS = 0.085106 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
GHS · Ghanaian Cedi
Ghanaian Cedi (GHS): Overview and History
The Ghanaian cedi (GHS) is the official currency of Ghana, issued by the Bank of Ghana. It was introduced in July 2007, replacing the previous cedi at a rate of 1 new cedi to 10,000 old cedis. The currency is subdivided into 100 pesewas. The symbol for the cedi is GH₵, and its ISO code is GHS.
The Bank of Ghana is responsible for issuing and regulating the currency. The cedi has undergone several redenominations since Ghana's independence in 1957, reflecting the country's economic history. The current cedi is the fourth iteration, following the first cedi (1965), the second cedi (1967), and the third cedi (1972).
The cedi is used in all transactions within Ghana. Its exchange rate is determined by market forces, and the Bank of Ghana intervenes to maintain stability. For historical and economic context, the cedi's value has fluctuated over time, influenced by factors such as inflation, trade balances, and global commodity prices.
- Code
- GHS
- Symbol
- GHS
- Current rate
- USD / GHS
Currency information
Last updated · 8/7/2026
Introduced on July 1, 2007, to replace the old cedi at a rate of 1 new cedi = 10,000 old cedis.
- Official name
- Ghana Cedi
- Legal tender status
- Legal tender in Ghana
- Decimal places
- 2
- Minor unit
- Ghanaian pesewa · 1 GHS = 100 Ghanaian pesewa
- Countries
- Ghana
- Issuing authority
- Bank of Ghana
- Central bank
- Bank of Ghana · Official website
- Exchange-rate regime
- Floating (managed float)
Common banknotes
GH₵1 · GH₵2 · GH₵5 · GH₵10 · GH₵20 · GH₵50 · GH₵100 · GH₵200
Common coins
1 pesewa · 5 pesewas · 10 pesewas · 20 pesewas · 50 pesewas · GH₵1 · GH₵2
Also known as
Cedi · Ghanaian Cedi · Ghana Cedi · GHS · GH₵
Practical notes
- The currency is issued by the Bank of Ghana.
- The symbol GH₵ is used to distinguish it from other cedi currencies.
Priority currency pairs
The most useful conversions for this currency.
Ghanaian Cedi questions
What is the GHS exchange rate?
The displayed rate is the latest available reference rate for USD/GHS. It can change throughout the day.
How can I convert GHS online?
Use the converter above to calculate indicative amounts between GHS and the other supported currencies.