Historic Ghana Cedi Nigerian Naira

Ghana Cedi nigerian naira history for February 2024. The highest quote for this month is 129.63 (28/02/2024) and the lowest 129.92 (23/02/2024). The difference between high and low is -0.22.

GHS NGN average rate for February 2024 is 118.3157, the change between 01/02/2024 and 29/02/2024 is -33.7 %.

01 February 20241 GHS = 97.07 NGN
02 February 20241 GHS = 96.52 NGN
03 February 20241 GHS = 114.5 NGN
04 February 20241 GHS = 114.5 NGN
05 February 20241 GHS = 95.62 NGN
06 February 20241 GHS = 113.2 NGN
07 February 20241 GHS = 114.0 NGN
08 February 20241 GHS = 114.8 NGN
09 February 20241 GHS = 113.4 NGN
12 February 20241 GHS = 119.1 NGN
13 February 20241 GHS = 121.2 NGN
14 February 20241 GHS = 122.1 NGN
15 February 20241 GHS = 122.3 NGN
16 February 20241 GHS = 122.2 NGN
17 February 20241 GHS = 120.4 NGN
18 February 20241 GHS = 120.4 NGN
19 February 20241 GHS = 120.0 NGN
20 February 20241 GHS = 119.8 NGN
21 February 20241 GHS = 129.3 NGN
22 February 20241 GHS = 128.5 NGN
23 February 20241 GHS = 130.1 NGN
24 February 20241 GHS = 119.1 NGN
25 February 20241 GHS = 119.1 NGN
26 February 20241 GHS = 128.4 NGN
27 February 20241 GHS = 123.5 NGN
28 February 20241 GHS = 125.8 NGN
29 February 20241 GHS = 129.8 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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.
GHS NGN July 2023
GHS NGN August 2023
GHS NGN September 2023
GHS NGN October 2023
GHS NGN November 2023
GHS NGN December 2023
GHS NGN January 2024
GHS NGN February 2024
GHS NGN March 2024
GHS NGN April 2024
GHS NGN May 2024
GHS NGN June 2024
GHS NGN July 2024