New Ghanaian currency introduced
{{date|July 3, 2007}}

New currency notes are being introduced in [[Ghana]] today. The new currency, to be called the [[w:Ghanaian cedi|Ghanaian cedi]], replaces the previous [[w:cedi|cedi]] which has been in circulation since 17 February, 1967. 

The Ghanaian cedi will be exchanged at 10,000 old cedis to one new Ghanaian cedi. The exchange rate against the U.S. dollar starts at GH¢0.92 to one U.S. dollar. The new [[w:ISO 4217 Code|ISO code]] for the currency is GHS, and the new symbol, GH¢.

The change, which was originally scheduled by the [[w:Bank of Ghana|Bank of Ghana]] to start on July 1, 2007, will instead start on Tuesday July 3, as the original date is Ghana's [[w:Republic Day|Republic Day]]. 

Monday, July 2, was declared a public holiday as the actual Republic Day fell on a Sunday. July 3, is thus the first day that the currency will be available to the public as banks open to the general public. This is because [[w:Automated teller machine|ATM]]s were shut down over the weekend so that the currencies could be checked and replaced in all of them nationwide. The old and new currencies will be used concurrently until the end of December 2007, when the old currency will cease to be legal tender. 

This is the third Ghanaian cedi to be introduced in the country since 1965.

==Sources==
*{{source|url=http://www.myjoyonline.com/business/200707/6248.asp
|title=New Ghana cedi notes out
|author=
|pub=Myjoyonline.com
|date=July 3, 2007}}
*{{source|url=http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=126539
|title=New Cedi Out Today !!!
|author=
|pub=Ghana Home Page
|date=July 3, 2007}}
*{{source|url=http://news.bbc.co.uk/1/hi/world/africa/6259252.stm
|title=AU summit: Reporter's diary
|author=
|pub=BBC
|date=July 3, 2007}}
*{{source|url=http://www.ghanacedi.gov.gh/
|title=Press Release
|author=Esi Hammond
|pub=Bank of Ghana
|date=June 30, 2007}}
*{{source|url=http://www.bog.gov.gh/privatecontent/File/Issue/brief%20currency%20history.pdf
|title=Brief History of the Ghana Currency
|author=Statistics Office, Issue Department
|pub=Bank of Ghana
|date=N/A}}

{{wikipedia|Ghanaian cedi}}

{{publish}}
{{Archived}}

[[Category:Ghana]]
[[Category:Africa]]
[[Category:Economy and business]]
[[Category:Currency]]
New currency notes are being introduced in Ghana today. The new currency, to be called the Ghanaian cedi, replaces the previous cedi which has been in circulation since 17 February, 1967. 

The Ghanaian cedi will be exchanged at 10,000 old cedis to one new Ghanaian cedi. The exchange rate against the U.S. dollar starts at GH¢0.92 to one U.S. dollar. The new ISO code for the currency is GHS, and the new symbol, GH¢.

The change, which was originally scheduled by the Bank of Ghana to start on July 1, 2007, will instead start on Tuesday July 3, as the original date is Ghana's Republic Day. 

Monday, July 2, was declared a public holiday as the actual Republic Day fell on a Sunday. July 3, is thus the first day that the currency will be available to the public as banks open to the general public. This is because ATMs were shut down over the weekend so that the currencies could be checked and replaced in all of them nationwide. The old and new currencies will be used concurrently until the end of December 2007, when the old currency will cease to be legal tender. 

This is the third Ghanaian cedi to be introduced in the country since 1965.
Ghana Africa Economy and business Currency