16/09/2019: Ghana Goes Cashless
The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.
13/07/2015: Greek debt bailout agreement
A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.
05/07/2012: GHS Symbol Change
The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.
02/05/2010: Greek debt crisis
Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.
15/10/2008: Global financial crisis
The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.
03/07/2007: Decimals Dropped
The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.
01/05/2004: Eurozone expansion
10 more countries joined the Eurozone, bringing the total number of participating countries to 24.
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.
01/01/2002: Euro banknotes and coins
Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.
01/01/1999: Introduction of the Euro
The Euro was officially introduced as an electronic currency for banking and financial transactions.
07/02/1992: The Maastricht Treaty
The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.
17/07/1978: Second Cedi Introduced
Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.
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.