A year ago today, on this day, they provided the equivalent of $1,000,000.00 us dollars for 7,517,115.00 ghanaian cedis, which is 4,272,571.00 less than it is now. 1 Input your amount. The USD and GHS can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. Wise never hides fees in the exchange rate. The cryptocurrency values displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. Sponsored Inflation continued (see the exchange rate chart) until by July 2007, one US dollar was worth about 9500, and a transition to the third cedi was initiated. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. The United States Dollar to Cedi exchange rate on the chart allows you to track changes over different periods and draw conclusions about possible forecasts of the exchange rate of one currency in relation to another. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars One Ghanaian New Cedi is divided into one hundred Ghana pesewas. Convert USD/GHS - Wise US dollars to Ghanaian cedis Convert USD to GHS at the real exchange rate USD Converted to GHS 1.00000 USD = 11.66000 GHS Mid-market exchange rate at 11:47 UTC Track the exchange rate Send money The safe and easy way to exchange your money The new republic's first independent currency was the Ghanaian pound (19581965). Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. To add USD to GHS #widget to your website, you simply need to copy the code below and paste [11], By October 2022, the cedi became the world's worst performing currency, having lost 60% of its value relative to the U.S. dollar since the end of 2021. Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more, JPMorgan shares pop after the bank takes over embattled First Republic. In 1979 a currency confiscation took place. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. , Feb 2, 2023. GHS How much is 1 million Ghanaian cedis to US Dollars Ghanaian Cedi. In September 2021, the Bank of Ghana began the process of withdrawing GH1 and GH2 notes from circulation to encourage the use of coins of their corresponding face values. Over 70 million downloads worldwide. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. Click on the drop-downs to select the currencies you want to convert between. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. . According to the mid-point between the "buy" and "sell" from global currency markets. The high point for the USD/GHS rate However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. in Ghana Cedi is 164,505,460 (GHS). However, many Ghanaians who were hoarding large amounts of cedis feared reprisal if they tried to convert all of it, and so simply burned a lot of their money. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. GHS 1 US dollar to Ghanaian cedis - Wise The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. Banks and other transfer services have a dirty little secret. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. History. 3 That's it. The new coins are 1pesewa (100 old cedi), 5pesewas (500), 10 pesewas (1,000), 20 pesewas (2,000), 50 pesewas (5,000), 1cedi (10,000) and 2 cedis (20,000).[19]. As of today at 01:00AM UTC one billion five hundred million ghanaian cedis is equal to $127,229,851.58 (USD) or one hundred twenty-seven million two hundred twenty-nine thousand eight hundred fifty-one us dollars 58 cents. Set an alert now, and well tell you when it gets better. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Today's Value of 14,000,000 Dollars which aggregates real-time forex data from the most authoritative sources. 14 Million USD to GHS. 2 Choose your currencies. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. [4], On 14 May 2010, a GH2 banknote was issued to meet public need for an intermediate denomination and reduce the frequency, and associated cost, of printing large volumes of the GH1 banknote. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. analyse and verify our content before relying on them. Dollar (USD) to Ghanaian cedi (GHS) Currency Converter One cedi is divided into one hundred pesewas (Gp). The years of issue do not indicate that the series has been printed every year in the period, but that the banknote has been issued more than once in the given period. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. [15] Beside the coins in general circulation the bank have also issued commemorative coins[16] These special coins have been issued in shillings (1958), crowns (1965), pounds (19581977), sikas (19972003) and cedis (2013-). The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. Note: Rates obtained from these websites may contradict with, Last edited on 31 December 2022, at 11:32, The shield from the Coat of arms of Ghana, "Metal cedis and pesewas modern coins of Ghana", "Don't Give Out Change In Old notes, Coins", "Ghana Cedi at risk of sliding to 4 per Dollar, HFC says", "Bank of Ghana to phase out GH1 and GH2 notes soon", "GH1 and GH2 coins won't suffer fate of 1 pesewa coin Financial Expert assures", "We're already 'Breaking the 10'; the dollar is over-speeding Dr. Otchere-Ankrah 'shades' NPP", "CORRECTED-Ghana consumer inflation rises to 37.2% in September, statistics service says", "Emerging-Market Debt Is Sliding Into Distress. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. The table shows the data and analysis of the variations. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. Currency Rate Change; EUR / USD: . For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Popular US Dollar (USD) Pairings. 1 Million Dollars to Ghana Cedis - 1 Million USD to GHS - Fx Rates Live The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Be on the lookout for any changes, ready up-to-date. dollar. More Ghanaian Cedi info. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. This means the US Dollar has increased in value compared to the Ghanaian Cedi. Our currency converter will show you the current rate and how it's changed over the past day, week or month. The currency code for Cedis is GHS, and the currency symbol is GH. = 164,505,460.00 As a result, the US Dollar has In the majority of cases, this data is sufficient to predict future changes. Click to copy to clipboard. Here's what the experts have to say, Bitcoin pulls back to start May as First Republic Bank saga comes to an end, Mastering this skill is the hardest part of personal finance, advisors say, Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more, Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic, Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more, JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008, Charlie Munger says the U.S. commercial property market is in trouble: FT report, Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic. 5000 . The table shows the data and analysis of the variations. 1 Million GHS to USD - Ghanaian Cedis to US Dollars Type the amount, select the original currency and the currency to which you want the amount to be converted. Every time. [2], Because of the rampant inflation in the decades before the exchange the second cedi was only worth a small fraction of its original value. -0.3982. How to convert US dollars to Ghanaian cedis. The word "cedi" derives from the African word for . While the USDGHS spot exchange rate is quoted and exchanged in the same day, the USDGHS forward rate is quoted today but for delivery and payment on a specific . Recipient gets (Total after fees) Transfer fee. After the 50 note confiscation, the 20 note was the highest cedi denomination, but had a street value of only about $0.35 (U.S.). 1 USD . This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. 2000 Euros to US Dollars. Check out the market overview Select the period for plotting the chart. Decades of high inflation devalued the new cedi, so that in 2007 the largest of the "new cedi" banknotes, the 20,000 note, had a value of about US$2. This process ended in 1990 with a free float of the cedi against foreign currencies. Apr/27. Our currency converter will show you the current rate and how its changed over the past day, week or month. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. it into the desired position in your websites HTML source code. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! The Bank of Ghana has never stated if they are simply holding back already stamped coins until they are needed or if they are stamping coins successively with old issue years. This chart shows data from 2022-5-2 to 2023-5-1. Simply type in the box how much you want to convert. Convert USD/GHS - Wise 1 US dollar to Ghanaian cedis Convert USD to GHS at the real exchange rate USD Converted to GHS 1.00000 USD = 11.66000 GHS Mid-market exchange rate at 03:27 UTC Track the exchange rate Send money The safe and easy way to exchange your money US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to "Open Exchange Rates" and provides the information in its best way. In the majority of cases, this data is sufficient to predict future changes. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. 1 Input your amount. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Convert United States Dollar To Ghanaian Cedi - Forbes You should conduct your own research, review, 100 Canadian to USD. 1 Million Won to USD. The exchange rate used for the USD/GHS currency pair was : 11.75. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Our currency converter is simple to use and also shows the latest currency rates. up +18.00% against the Ghanaian Cedi. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and GHS | Ghanaian New Cedi | OANDA In the majority of cases, this data is sufficient to predict future changes. Convert 1 US Dollars to Cedis - (USD in GHS) By 1983 the cedi was worth about 120 to one U.S. dollar on the black market, a pack of cigarettes cost about 150 (if they could be found), but the bank rate continued at 2.80 = $1.00. [8][9], In August 2022, accelerating inflation and continued economic mismanagement has caused the cedi's value to drop to 10 U.S. cents (GH10 = US$1). Below, you'll find Ghanaian Cedi rates and a currency converter. Receive daily email about the USD GHS exchange rate. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar According to the mid-point between the "buy" and "sell" from global currency markets. They add hidden markups to their exchange rates - charging you more without your knowledge. This is for informational purposes only. analyse and verify our content before relying on them. year to date against the Ghanaian Cedi. Alternatively, you may try converting US Dollars to Ghanaian Cedis. The "new cedi" (19672007) was worth 1.2 cedis, which made it equal to half of a pound sterling (or ten shillings sterling) at its introduction. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. Ghanaian cedi - Wikipedia The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. Exchange rate (1 USD GHS) Cheapest. 23245.57 GHS Save up to 185.57 GHS. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 10 Million USD to GHS - US Dollar to Ghana Cedi Currencies Trading Calendar Online Currency Converter Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. 28.7863. . Finally, with foreign currency completely drying up for all import transactions, the government was forced to begin a process of gradual devaluation, and a liberalization of its strict price controls. USD in Ghana Cedi is 11,750,390 (GHS). GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Our smart tech means were more efficient which means you get a great rate. Any use of our content is solely at your own risk and discretion. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . Currency Information. Convert from Ghana Cedi (GHS) to United States Dollar (USD) up +401.16% 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. This had the effect of driving nearly all commerce underground, where black market prices for commodities were the norm, and nothing existed on store shelves. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). Click on the drop-downs to select the currencies you want to convert between. 1,000,000.00 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. How to convert US dollars to Ghanaian cedis. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. The current exchange rate is equivalent to 0.0848. 13.93 USD. USD Federal Reserve Bank Historical Exchange Rates For Ghana Cedi to United States Dollar 120-day exchange rate history for GHS to USD Quick Conversions from Ghana Cedi to United States Dollar : 1 GHS = 0.0849132 USD Last Updated 4/30/2023 7:41:03 PM 2 Choose your currencies. 10 Million Won to USD. Inverse: 1,000,000.00 GHS = 84,819.90 USD. Current tool convert USD in GHS using live average market currency rates. 1 USD in GHS: 10 days history. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, which aggregates real-time forex data from the most authoritative sources. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. British pounds sterling to Ghanaian cedis - Wise The symbol for the currency is "GH", used as a prefix. British pounds sterling to Ghanaian cedis Convert GBP to GHS at the real exchange rate Amount GBP Converted to GHS 1.00000 GBP = 14.65310 GHS Mid-market exchange rate at 08:11 UTC Track the exchange rate Send money The safe and easy way to exchange your money You won't receive this rate when sending money. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. GHC (Ghanaian Cedi) Definition - Investopedia This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. Only coins that have been or are in general circulation are included in this list. As of today at 00:00AM UTC one billion five hundred million ghanaian cedis is equal to $132,754,864.34 (USD) or one hundred thirty-two million seven hundred fifty-four thousand eight hundred sixty-four us dollars 34 cents. The exchange rate used for the NGN/GHS currency pair was : .026. Last rates updated 2023-04-29. purchasing power compared to Ghanaian Cedi over the last 10 years. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. [17] It is unclear if the Bank of Ghana considered commemorative crowns and sikas together with the commemorative pounds that were coined after 1965 as legal tender or simply as medallions.[18]. 11537.02 GHS Save up to 419.51 GHS. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. How to convert Ghanaian cedis to US dollars. [20][21] Most of the Ghanaian banknotes have been changed slightly from one year's issue to the next year's issue in the ongoing technological fight against counterfeit money. Find out the best rate in banks for GHS/USD exchange rates below. GHS - Ghanaian Cedi rates, news, and tools | Xe 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. 300000 United States Dollars (USD) to Ghana Cedis (GHS) today Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Today's Value of 1,000,000 Dollars A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. 1 US dollar to Ghanaian cedis Exchange Rate. Youll now see the value of the converted currency according to the most recent exchange rate. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe The years of issue does not indicated that the series have been coined every year in the period but that the coin has been issued more than once in the stated period. The exchange rate used for the USD/GHS currency pair was : 11.75. Exchange rate (1 USD GHS) Cheapest. In 2021, the oil and gas sector was projected to add 10.59 billion Ghanaian cedis (GHS), around 1.83 billion U.S. dollars, to the Gross Domestic Product . Our currency converter will show you the current rate and how it's changed over the past day, week or month. Some coins are held back and released years after they are issued. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi And if they have a fee, they charge you twice. The cost of 300,000 United States Dollars in Ghana Cedis today is 3,247,283.40 according to the "Open Exchange Rates", compared to yesterday, the exchange rate increased by 0.46% (by +0.05). The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. It is the fourth historical and only current legal tender in the Republic of Ghana. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. The first modern coins exclusively used at the Gold Coast were produced in 1796 but cowries were used alongside coins and gold dust as currency until 1901.[1]. The GHC was introduced on July 3, 2007. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. You can use this calculator offline while travelling in Ghana. . As of today at 05:00AM UTC one million us dollars is equal to 10,888,605.00 (GHS) or ten million eight hundred eighty-eight thousand six hundred five ghanaian cedis. The exchange rate of the United States Dollar in relation to the Ghana Cedi on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. Any use of our content is solely at your own risk and discretion. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. Don't forget to look at and compare exchange rates from other banks available from 2 sources. In the last 10 years, the US Dollar is Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. The current exchange rate is equivalent to 0.0848. The list is sorted at the top, from left to right, in descending order. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider.