GHANA

(GHS) Currency News >>

CURRENCY:

Ghana Cedi - GHS, Symbol ¢

DENOMINATIONS:

NOTE: ¢50, 20, 10, 5 and 1.

COIN: ¢1 and 50, 20, 10, 5 and 1 pesewas.

US DOLLAR ACCEPTED?

N/A

CREDIT/DEBIT CARDS AND ATMS:

Credit cards (mainly American Express, Mastercard, Diners Club and Visa) are accepted by leading hotels, restaurants, banks, businesses and some shops. Some banks may give cash advances against leading cards. However, those using credit cards should be aware that credit card fraud is common. In large urban areas such as Accra and Kumasi ATMs are commonplace.

CURRENCY EXCHANGE:

The exchange rate system has been liberalised and foreign currency is freely available through authorised dealers including banks and foreign exchange bureaux. Cash is exchanged at a more preferential rate than traveller’s cheques.

TRAVELLER'S CHEQUES:

To avoid additional exchange rate charges, travellers are advised to take traveller’s cheques in US Dollars or Pounds Sterling. Traveller’s cheques can be exchanged in large hotels, banks and foreign exchange bureaux.

BANKING HOURS:

Mon-Thurs 0800-1400; Fri 0800-1500.

CURRENCY RESTRICTIONS:

Export of local currency is prohibited.

COUNTRY OVERVIEW:

Ghana is officially called the Republic of Ghana, and is situated in West Africa. It was the first Sub-Saharan country to gain independence from the United Kingdom, in 1957. The capital is Accra and the official language is English.

POPULATION:

Around 23,000,000

ECONOMY:

Ghana has many natural resources and has a healthier output than some of its African neighbours. However, it has relied on international assistance both financially and technically. Exports include gold, diamond, cocoa, timber as well as other metals. There is also a large oil field within Ghana. Despite these exports, the domestic economy works around agriculture for subsistence.