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For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Type the amount, select the original currency and the currency to which you want the amount to be converted. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. You can use this calculator offline while travelling in Ghana. Simply type in the box how much you want to convert. Below, you'll find Ghanaian Cedi rates and a currency converter. . Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Coins and bank accounts were unaffected. 1,000,000.00 16.59 USD. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. In the majority of cases, this data is sufficient to predict future changes. A year ago today, on this day, they provided the equivalent of 1,500,000,000.00 ghanaian cedis for $199,544,639.13 us dollars, which is $72,314,787.55 more than it is now. Set an alert now, and well tell you when it gets better. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. The exchange rate used for the USD/GHS currency pair was : 11.75. According to the mid-point between the "buy" and "sell" from global currency markets. [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-). 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. The table shows the data and analysis of the variations. purchasing power compared to Ghanaian Cedi over the last 10 years. However, from a monetary perspective, currency confiscations have the effect of reducing the available cash in the economy, and thereby slowing the rate of inflation. Sponsored The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Simply type in the box how much you want to convert. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. 1 Input your amount. In 1979 a currency confiscation took place. 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 Sponsored The cost of 300000 United States Dollars in Ghana Cedis today is 3,536,905.80 according to the Open Exchange Rates, compared to yesterday, the exchange rate remained unchanged. Click to copy to clipboard. Click on the drop-downs to select the currencies you want to convert between. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. 1 Million USD to GHS - US Dollars to Ghanaian Cedis = 11,750,390.00 The second cedi was initially pegged to sterling at a rate of 2 = 1stg. 1 USD . And if they have a fee, they charge you twice. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . Simply type in the box how much you want to convert. 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 . Select the period for plotting the chart. one hundred old pence, so that 1 pesewa was equal to one penny. Exchange-Rates.org 2023 MBH Media, Inc. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and against the Ghanaian Cedi. The symbol for the currency is "GH", used as a prefix. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. Popular US Dollar (USD) Pairings. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. The exchange rate used for the USD/GHS currency pair was : 11.75. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise