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Currency history

Ghanaian cedis

Dates in use
Still in use; introduction date not established here
Currency code
GHS
Ancestry branch
Sterling

Its place in the family

All ancestors and descendants ↗
Ghanaian cedis: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Ghanaian poundGhanaian pound 1965 · Documented1965 cedi units per Ghanaian pound; not1967 or 2007 cedi units.Documented connection · 1965 · 1965 cedi units per Ghanaian pound; not 1967 or 2007 cedi units. Ghanaian cedisGhanaian cedis GHS No successor is established here.

Parents 1

Ghanaian cedis

This currency

Children 0

No successor is established here.

Trace its ancestry backward

Roman as–denarius accounting

Earlier as reckoning; denarius introduced c. 211 BC; accounts continue into late antiquity

Earlier ancestry is not established here.

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The story

On February 17, 1967 one new cedi replaced 1.20 of the 1965 cedis. [1]

In March 1973 the new cedi became known simply as the cedi. [2]

The Bank records a March 9, 1979 discounted note exchange, with different discounts around a 5,000-cedi threshold. [3]

Turning points

Redenominated as

Same cedi continuity: 1 new unit replaces 1.20 old units. [1]

Redenominated as

Same cedi continuity: 1 new unit replaces 10,000 old units. [4] [5] [6] [7]

Gazette publication reported

The annual report records redenomination gazetting on March 23, 2007, separately from the later cash launch. [8]

Rescaled cash launch

The 2007 reform set 10,000 preceding cedis equal to one Ghana cedi, divided into 100 Ghana pesewas. The Bank’s annual report dates new Ghana-cedi cash circulation to July 3, 2007. [4] [5]

Old scale cash tender end

The transition ran through December 2007; old cash was to lose legal-tender status by January 1, 2008, with exchange continuing. [9]

Sources and evidence

  1. Bank of Ghana, Statistics and Reports Office, Issue Department · Evolution of Currency in Ghana
  2. Bank of Ghana, Statistics and Reports Office, Issue Department · Evolution of Currency in Ghana
  3. Bank of Ghana, Statistics and Reports Office, Issue Department · Evolution of Currency in Ghana
  4. Bank of Ghana · Annual Report and Accounts 2007
  5. Bank of Ghana · Annual Report and Accounts 2007
  6. Bank of Ghana · Annual Report and Accounts 2007
  7. Bank of Ghana · Annual Report and Accounts 2007; Bank of Ghana, Statistics and Reports Office, Issue Department · Evolution of Currency in Ghana
  8. Bank of Ghana · Annual Report and Accounts 2007
  9. Bank of Ghana · Annual Report and Accounts 2007

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Full claims, evidence coverage, corrections and earlier interpretations are kept separately.

Cite this page

“Ghanaian cedis.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/T-FTM000642.html

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