Ghana cedi: From historical to current legal tender

Ghana Cedi

Stories and facts

The Ghanaian currency, the cedi, embodies the nation's journey to financial independence post-independence from British colonial rule.

It began with the Ghanaian pound in 1958, transitioning to the decimal system in 1965 under President Kwame Nkrumah's leadership, giving rise to the "Cedi." Political changes in 1966 led to the introducing of the "new Cedi" to distance itself from Nkrumah's image, but inflation plagued its value. In 2007, the "new Cedi" underwent a significant revaluation, becoming the "Ghana Cedi" to restore confidence.

However, economic mismanagement and inflation persisted, severely impacting its value by 2022, making it the world's worst-performing currency. Despite challenges, Ghana's currency represents its resilience and determination amid economic and political shifts.

Explore the history of the Ghanaian cedis below.



Be the first to leave a comment!