New ghana currency

You're referring to the new currency of Ghana!

Yes, Ghana introduced a new currency called the Ghana Cedi (GHS) in 2007, replacing the Old Ghanaian Cedi (GHC). The new currency was introduced to combat inflation and stabilize the economy.

Here are some key features of the new Ghana Cedi:

  1. Denominations: The new currency has denominations of 5, 10, 20, 50, 100, 200, and 500 Ghana Cedis.
  2. Coins: Coins are available in denominations of 1, 5, 10, 20, and 50 pesewas (1 Ghana Cedi = 100 pesewas).
  3. Design: The new currency features a range of designs, including images of Ghanaian leaders, national symbols, and cultural icons.
  4. Security features: The new currency has advanced security features, such as watermarks, holograms, and micro-printing, to prevent counterfeiting.

Some interesting facts about the Ghana Cedi:

  1. Name: The name "Cedi" comes from the Ghanaian word "cedi," which means "cowry shell," a type of currency that was used in Ghana before the introduction of the colonial currency.
  2. Symbol: The symbol for the Ghana Cedi is "₵".
  3. Exchange rate: The exchange rate of the Ghana Cedi is subject to fluctuations, but as of 2022, 1 USD is approximately equal to 8.5 GHS.

Overall, the new Ghana Cedi has helped to stabilize the economy and improve the country's financial system.