United States dollar ghana cedi history for May 2023. The highest quote for this month is 11.683 (15/05/2023) and the lowest 11.123 (31/05/2023). The difference between high and low is 4.79.
USD GHS average rate for May 2023 is 11.06025, the change between 01/05/2023 and 31/05/2023 is +5.1 %.
15 May 2023 | 1 USD = 11.59 GHS |
17 May 2023 | 1 USD = 10.85 GHS |
24 May 2023 | 1 USD = 10.80 GHS |
31 May 2023 | 1 USD = 11.00 GHS |
16/09/2019: Ghana Goes Cashless
The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.
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.
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.