{"id":24184,"date":"2023-03-03T15:29:07","date_gmt":"2023-03-03T15:29:07","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/03\/03\/bog-gives-history-of-ghana-cedi-66-years-on\/"},"modified":"2023-03-03T15:29:07","modified_gmt":"2023-03-03T15:29:07","slug":"bog-gives-history-of-ghana-cedi-66-years-on","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/03\/03\/bog-gives-history-of-ghana-cedi-66-years-on\/","title":{"rendered":"BoG gives history of Ghana cedi 66 years on"},"content":{"rendered":"

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With just a few days to the celebration of Ghana\u2019s 66th Independence Day celebration, the Bank of Ghana has been given the history of the Ghanaian currency, cedi.<\/p>\n

Established on the eve of Ghana\u2019s independence, the Bank of Ghana issued and redeemed the Ghana Cedi to replace the West African Pound (\u00a3WA).<\/p>\n

The Cedi has since undergone many phases and enhancements.<\/p>\n

A major currency reform in 1965 saw a wide acceptance of the decimal system for the Cedi, a name derived from the Akan word, \u201csedie.\u201d<\/p>\n

A third and fourth reforms in 1969 and 1972 respectively were undertaken after a military coup d\u2019etat, reflecting the political and economic uncertainty during those periods.<\/p>\n

The Bank of Ghana issued a a press statement to detail the evolution of the Cedi to mark Ghana\u2019s 66th Independence Day celebrations.<\/p>\n

Click here to read the full statement from the Bank of Ghana<\/p>\n

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