Noun
the basic unit of money in Ghana
Source: WordNetAccording to him, the country’s businesspeople currently are not importing so that has taken pressure from the cedi hence the reason why the currency is doing well on the world market. Source: Internet
At the same time, the local currency the cedi has lost marginal grounds against the US dollar. Source: Internet
Meanwhile, at the end of the third quarter of 2019, the cedi had depreciated by 13 percent against the US dollar. Source: Internet
Mr. Benjamin Tetteh, resident, told the GNA that, the yellow rubber jug popularly called ‘Kufour gallon’ of water cost between One cedi twenty pesewas and One cedi fifty pesewas. Source: Internet
The cedi experienced some sharp decline in value early last year (February 2019) after some foreign investors liquidated their investments in government bonds. Source: Internet
He said the current appreciation of the cedi in the first month of this year had to do with some monetary intervention by the Bank of Ghana and improved supply of dollars in the economy. Source: Internet