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Business News of Tuesday, 3 July 2007

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New Cedi Out Today !!!

The new Ghana cedis and pesewas will be put into circulation today, Tuesday, 3rd July 2007.
One US Dollar is now worth about GH¢0.92 (i.e. 92 Ghanaian Peswas); One Great Britain pound will fetch one approximately GH¢1.80 (1 Ghanaian Cedi and 80 Ghanaian peswas); One EURO is equivalent to GH¢1.24 (One Ghanaian Cedi and 24 Ghanaian peswas)

The ISO Code of the re-denominated Ghana cedi has changed to GHS, from GHC.

The old currency will be in circulation alongside the new, until December, when it will only be exchanged in the banks and other financial institutions.
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