border: none !important; The exchange rate against the U.S. dollar starts at GH0.92 to one U.S. dollar. The estimated revenue for 2023 is approximately two billion two hundred and sixteen million Cedis. Over the last 7 days, the best beneficial exchange rate was $91,839.13. If they really want the monies they are looking for from these taxes that they have passed, it is the governments interest to listen to us. Effective 1 July 2007, the current currency of the country, the Cedi (), will be redenominated to the Ghana Cedi (GH), such that ten thousand Cedis will be equivalent to one Ghana Cedi. Past performance is not indicative of future results. Steve Hanke has attributed Ghanas current economic status to President Akufo-Addos mismanagement of the economy. -1.36%. Ministry of Food and Agriculture determined to ensure food security - Bryan Acheampong, T-bills oversubscribed by GH480 million, interest rates still high, Prices to increase as implementation of 3 new taxes begin on May 1, May Day: Duffuor calls for genuine desire to protect public purse, Akufo Addo has destroyed the economy but I will turn it around Duffuor. Ghana is located in West Africa. new Use Swap currencies to make Nigerian Naira the default currency. The Old Ghanaian Cedi (GHC) is obsolete. Ghana: Cedi Loses 16.86 Percent Value to Dollar in First Half-Year Central bank financing has become a political issue, with Cassiel Ato Forson, an opposition MP in Ghanas evenly-split parliament, alleging last year that the central bank Ghanaian Cedis 1 Input your amount. This is the highest compared to 7.96% and 8.56 billion cedis tape-recorded in 2017 and 2018 respectively. The theft of railway tracks worth millions of Ghana cedis at various locations across the country continues to be a cause for concern at a time when the country is The African name Cedi (1965-1967) was introduced in place of the old British pound system. API users can feed a custom application. Ghana The 1,000 Pounds, After issuing more than 17 billion cedis ($3.1 billion) in bonds over the past two years to bail out banks and repay energy arrears, Ghana faces a new debt risk. @KhojoDompe Masa not 50gh ooo 500 million old Ghana cedis ..you dey mad ong Advanced users can use our Python/R/Matlab packages. billion All rights reserved. The Ghanaian cedi is the unit of currency of Ghana. The Bank of Ghana (BoG) has upgraded the GH1 coin with enhanced security features. The nine companies said the Electricity Company of Ghana (ECG) owed them about the cedi equivalent of $1.4 billion. The company, represented by the country manager, Rex Danquah presented the check to the Minister of Information, Kojo Oppong-Nkrumah at a press briefing in Accra today the 16th of April, 2020. The music business was good to Ghanaian artist Shatta Wale in 2015. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. They point to recent media report that the NDC spent one million new Ghanaian cedis (about 10 billion old Ghana cedis) during President Obama's visit and question how the NDC could spend such amount in just under 24 hours. =. According to the World Bank and IMF estimates, Ghana is the world fastest growing economy in 2019 with a growth rate of 8.8%. New One-1 Ghana Cedi Coin-Bank of Ghana | GhanaMediaOnline But the living standard is very high in our case, so adding more or bringing in new taxes will greatly burden us, traders., Agnes Akomia, who deals in sugar-sweetened beverages, added, Because of the taxes, the sales will reduce. Ghanaian Times (Accra) The Ghana cedi lost 16.86 per cent in value to the dollar in the first half of 2022 on the interbank market but over 20 per cent on the retail Historical Exchange Rates For Central African Franc to Ghana Cedi 120-day exchange rate history for XAF to GHS Quick Conversions from Central African Franc to Ghana Cedi : 1 XAF = 0.0194741 GHS Last Updated 4/21/2023 4:19:10 AM This is for informational purposes only. } Global Conversion: Juventus Pink Jersey 2011, window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/13.0.0\/svg\/","svgExt":".svg","source":{"concatemoji":"http:\/\/loriandlisasell.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=5.5.3"}}; 1,713.30 USD. Quick Conversions from Ghana Cedi to United States Dollar : 1 GHS = 0.0849132 USD Last Updated 4/30/2023 7:41:03 PM When last did Ghana change their currency? One Billion Old The exchange rate had fallen to its the minimum on Sunday, 14 March 2021. In the voice of Ogidi Brown who used to be the manager of Fameye, he spent over 1.2 billion old Ghana cedis in the music career of Fameye. Thanks to Pres. Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling. Under the umbrella coalition, Ghana Joint Business Consultative Forum, the organisations conducted a news conference on Tuesday, April 4, 2023, asking the government to take a second look at the revenue bills. The Old Ghanaian Cedi is the currency in Ghana (GH, GHA). Live market coverage co-anchored from Hong Kong and New York. Redbrook Apartments - Plymouth, Ma, Your email address will not be published. Shatta Wale in 2015: 100 songs and 30 billion cedis. Web0.11 963112 Canadian Dollars. Apart from mineral waters and malt drinks, all other sweetened beverages, including processed fruit juices, do not attract excise duty. We have a plan for your needs. Lovers of Ghanaian & African history & heritage, this is a platform to learn and share ideas on what we know about the old Ghana Cedis Kasapafmonline.com has exclusively received a proposed budget for Tourism Ambassadors Projects by the Ministry of Tourism, Arts and Culture. Old Ghanaian Cedis Ghana The protest is geared towards fixing deplorable roads, street lights, traffic lights and also to justify 132.66 billion old cedis Internal Generated Fund (IGF) collected in Koforidua for the period of 2018 - 2020. Try Trading Demo. So we are very convinced., Joint Business Consultative Forum to petition Akufo-Addo. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. The rate for income from gifts will also be increased as a consequential amendment. According to him, the bills final passage in its current form will indicate Ghanas commitment to addressing one of the primary causes of noncommunicable diseases such as cancer, cardiovascular disease, and chronic obstructive pulmonary disease. 1 CAD = 8.35903 GHS. Data released by the Bank of Ghana shows that between July and September 2019, Ghana's total debt stock increased by 3.1 billion cedis, hitting 208.6 billion cedis. What is the difference between old Ghana Cedis and new Ghana Overnight on Wall Street is daytime in Asia. The broader rule is that, ten thousand cedis (10 000) will be equivalent to one Ghana cedi (GH1). The government has revised these upper limits to account for inflation. Ernesto Taricone Net worth of $1.3 billion Ernesto Taricone is the richest man in Ghana. Collapsed storey-building at Madina trapped one to death, Pay us our new salaries or we will advise ourselves JUSAG. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). It became the third generation of Ghana cedis. We cannot investigate every claim sent to us, but we will log all the suggestions and appreciate your help, so kindlycontact us. You might be using an unsupported or outdated browser. 100 US dollars = 478.42 Ghanaian cedis The worst day to change US dollars in Ghanaian cedis was the Saturday, 17 November 2018. The external component of the debt stood at 18.2 billion U.S dollars, while the domestic debt hit 73.8 billion cedis. Ghana cedi firms more than 12% after $3 bln IMF staff level However, during the interaction, it was realised that, the women had heard about the redenomination exercise but did not know how to convert it and where they could change their old money when the exercise starts. On December 14, 2022, the Minister of Finance, Ken Ofori-Atta, submitted a memorandum to the House detailing the content of the Bills. To curtail this menace, the 2007 redenomination exercise became necessary. 2015 was a good year for Shatta Wale. The Information Minister Kojo Oppong Nkrumah confirmed the development, stating that the bills had been returned to the Clerk of Parliament for the final formalities to be completed. Enter the These taxes have nothing to do with the IMF arrangement, which is the story that has been peddled out there by the minority. 1 The exchange rate had fallen to its lowest value. The exchange rate for the Old Ghanaian Cedi was last updated on April 30, 2023 from Yahoo Finance. Police arrest two suspects over alleged stolen rail tracks a MBDA Chief Executive commission projects under One-Million-D Govt committed to the policy of domestic food security, exp We expect IMF Board to consider Ghana's programme for immine All trademarks and copyrights on this page are owned by their respective owners. Use "Swap currencies" to make Old Ghanaian Cedi the default currency. 10000 GHC are equivalent to 1 GHC. Historical Exchange Rates For Ghana Cedi to Ghana Cedi 120-day exchange rate history for GHS to GHS Quick Conversions from Ghana Cedi to Ghana Cedi : 1 GHS = 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. The Levy is to be imposed on profit before tax of the companies and institutions and on production in the case of mining, upstream oil and gas companies specified in the first column of the Schedule. Convert from Ghana Cedi (GHS) to United States Dollar Your financial situation is unique and the products and services we review may not be right for your circumstances. At the Finance Ministry, Chief Director Patrick Numo confirmed, "it is true we[Ghana] got 100 million dollars from the World Bank, 1.250 billion cedis from the stabilisation fund, 1 billion dollars from the IMF and 5.5 billion cedis from the Bank of Ghana," but added it was the Controller and Accountant General's Department that could confirm the exact figures that had entered government coffers. At that time the currency had reached its highest value. 2023 Data - 2007-2022 Historical - 2024 Forecast - Quote - Chart, Ghana GDP Growth Accelerates to 3.7% in Q4, Ghana Private Sector Expands for 2nd Month, Ghanaian Cedi Strengthens on IMF Staff-Level Agreement, Ghana Producer Prices Soar 54.5% YoY in September, South Korea Inflation Eases to 14-Month Low, Wall Street Closes Lower Ahead of Busy Week, US Construction Spending Rises More than Expected, US Manufacturing Sector Contracts for 6th Month: ISM, US Manufacturing PMI Revised Lower: S&P Global. The GBP conversion factor has 6 significant digits. To address this, the excise duty on spirits is being raised above that of beer, following good practice in imposing excise duties. Ghana Click on Old Ghanaian Cedis or Pounds Sterling to convert between that currency and all other currencies. BOGLA last Saturday visited the Malamata, Kaneshie, Nima and Mamobi market to educate the women on the new cedi. Simply type in the box how much you want to convert. Kasapafmonline.com has exclusively received a proposed budget for Tourism Ambassadors Projects by the Ministry of Tourism, Arts and Culture. Bahrain Dinar (BHD) Bahraini Dinar is the second highest currency in the world today. Convert from Ugandan Shilling (UGX) to Ghana Cedi Flowers That Glow At Night, The best day to change Ghanaian cedis in Ghanaian cedis was the Friday, 16 December 2022. 1 US Dollars to Cedis Accra, June 1, GNA President Nana Addo Dankwa Akufo-Addo on Tuesday said the government, through the Ministry of Finance, has made an additional budgetary allocation of one hundred million cedis (GH100 million) to the Ministry of Tourism, Arts and Culture. Consequentially, the excise duty on wines has been reviewed upwards.. He also added that By my measure, the Ghanaian #cedi has depreciated 43.26% against the USD since Jan. 1, 2022. background: none !important; The CEO of entertainment company Zylofon Media, Nana Appiah Mensah has donated a whopping Ghc1 million to the Sheikh Nuhu Osmanu Sharubutu Educational Fund. We are still putting the papers together; hopefully, this petition will get to the President by this morning., He said they would work quickly before the Presidents signature was appended. Analyze historical currency charts or live US dollar / Ghanaian cedi rates and get free rate alerts directly to your email. Based on the value of 2011 dollars, Ghana has a GDP of $124 billion in 2019. News Ghana is a leading online news portal for business coverage in Ghana as well as the wider West Africa region. {"@context":"https://schema.org","@graph":[{"@type":"WebSite","@id":"https://loriandlisasell.com/#website","url":"https://loriandlisasell.com/","name":"Lori and Lisa Sell","description":"Lori and Lisa Sell SLC","potentialAction":[{"@type":"SearchAction","target":"https://loriandlisasell.com/?s={search_term_string}","query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http://loriandlisasell.com/7qxgo8c6/#webpage","url":"http://loriandlisasell.com/7qxgo8c6/","name":"1 billion old ghana cedis to new ghana cedis","isPartOf":{"@id":"https://loriandlisasell.com/#website"},"datePublished":"2021-06-14T01:40:56+00:00","dateModified":"2021-06-14T01:40:56+00:00","author":{"@id":""},"breadcrumb":{"@id":"http://loriandlisasell.com/7qxgo8c6/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http://loriandlisasell.com/7qxgo8c6/"]}]},{"@type":"BreadcrumbList","@id":"http://loriandlisasell.com/7qxgo8c6/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"item":{"@type":"WebPage","@id":"https://loriandlisasell.com/","url":"https://loriandlisasell.com/","name":"Home"}},{"@type":"ListItem","position":2,"item":{"@type":"WebPage","@id":"http://loriandlisasell.com/7qxgo8c6/","url":"http://loriandlisasell.com/7qxgo8c6/","name":"1 billion old ghana cedis to new ghana cedis"}}]}]} Ghanaian Cedi to Canadian Dollar conversion Last updated Apr 23, 2023, 09:27 UTC. 1 US dollar = 5.7260 Ghanaian cedi. Another purpose of the Bill is to impose a special levy known as the Growth and Sustainability Levy to raise revenue for the growth and fiscal sustainability of the economy. Click on Old Ghanaian Cedis or Euros to convert between that currency and all other currencies. The old cedis will cease to be legal tender by the close of today. He also added that By my measure, the Ghanaian #cedi has depreciated 43.26% against the USD since Jan. 1, 2022. Pound Sterling is divided into 100 pence. MTN says has invested $25m in Ghanas ICT AP 2.02324 GBP The Bank of Ghana has been issuing all Ghanaian coins since 1958. 1 USD = 11.75 GHS Today (2023-04-23) exchange rates: 1 USD equal 11.75 GHS Invert currencies: Convert 1 GHS in USD USD/GHS Currency Converter Convert GHS USD The currency converter shows the conversion of 1 US Dollars to 11.75 Cedis as of today price. From 1958 to 1965 they used their first currency which was the Ghanaian Pound. After the available new information, the ministry of finance revised the The Old Ghanaian Cedi (GHC) is obsolete. History. Print the charts and take them with you in your purse or wallet while you are traveling. Has a politician, a business or union leader, a health association or environmental group said something that you suspect is untrue or misleading and that should be challenged? May 01, 2023 23:11 UTC, 98+ currencies available to transfer to 130+ countries, Initiate transfers 24 hours a day, 7 days a week, Xe offers low to no fees on money transfers, Direct debit, wire transfer, debit card, credit card & Apple Pay, Money transfers up to 8x cheaper than traditional banks, Related: International Money Transfer: 5 Best Ways To Send Money, 1 USD = 11.789686 Ghana The Bank of Ghana (BoG) has provided clarity on the 22.5 billion Cedis support it extended to government in 2020 following misgivings by some members of Parliament that the move is a breach of the law. The Trading Economics Application Programming Interface (API) provides direct access to our data. WebCall Us Today! Akufo-Addos ECONOMIC MISMANAGEMENT, the cedi is JUNK. to BRL, USD Hawkers wait for customers by their stalls set up in front closed shops in the central business area of Accra, on Oct. 20. The founder and leader of Anointed Palace Chapel, Rev. GHS, 1 GHS = 0.084819901 The memo states; The object of the Excise Duty (Amendment) Bill, 2022 is to amend the Excise Duty Act, 2014 (Act 878) to revise the excise tax rates for cigarettes and other tobacco products to conform with the Economic Community of West African States (ECOWAS) Protocols and raise revenue to mitigate the harmful effects of these excisable products; increase the excise duty in respect of wine, malt drinks and spirits and impose excise duty on sweetened beverages and electronic cigarettes and electronic cigarettes liquids to increase revenue. old This Pound Sterling and Old Ghanaian Cedi convertor is up to date with exchange rates from April 30, 2023. Compliance with the requirements for tax payment on the realisation of assets and liabilities is being made more efficient with the introduction of a return to be submitted within thirty days of the realisation and a withholding tax. Bloomberg Daybreak Asia. display: none; The reason for the introduction of the New Ghana cedi was to devalue the currency. After changing the way it measures GDP, the Ghana Statistical Service in September said the Ghanaian economy was a quarter bigger than previously estimated, valuing the economy in 2017 based on the new data as 256.7-billion cedis (US$54.6-billion). Coins in Ghana Ghanaian coins range from 1 pesewa (0.01 GHS) to 1 cedi. WebToday's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). One Ghana cedi is divided into one hundred pesewas (Gp). Ghanaian Cedi .infinite-scroll .woocommerce-pagination { UN warns of mass exodus from Sudan war catastrophe, Police arrest two suspects over alleged stolen rail tracks and steel sleepers. Akufo-Addos ECONOMIC The figures released by the GSS showed that inflation had reduced to 45% in March 2023. During a press conference, GUTA President Joseph Obeng called on the government to create an enabling environment that would ensure the growth and sustainability of the private sector rather than overtaxing businesses out of their effectiveness.. Two of the reasons given by the Central Bank for the re-denomination are the increasing difficulty in maintaining accounting and statistical records; and problems with accounting and data processing software. .has-text-align-justify{text-align:justify;} Current tool convert USD in GHS using live average market currency rates. 1 Pound Sterling was to 30.22 Ghana Cedis as the rate of the Cedi to Euros was 1: 25.72. My wife was very disturbed, the 36-year-old said by phone from Kumasi in Ghanas Ashanti Region. It was replaced with the New Ghanaian Cedi (GHS) on July 1 2007. This currency calculator is provided in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. 1. We want to do it as quickly as possible for him to understand our plight before he assigns to the bills that have been passed., Bamfo Maxwell, a retailer, said, In every country, taxes are what the government uses to improve the living conditions of the people. Check the currency rates against all the world currencies here. Don't get overcharged when you send money abroad. 10 USD to GHS. The EUR conversion factor has 6 significant digits. to CAD, USD Flowers That Glow At Night, The symbol for EUR can be written . to ETH, USD GHS | Ghanaian New Cedi | OANDA The Ghanaian ACCRA (Reuters) - Ghana raised 3.42 billion cedis ($790 million) from a debut 15-year domestic bond issued on Friday, paying a yield of 19.75 percent, lead arrangers said. to XRP, USD USD. Slendytubbies 3 Zeo Works Campaign Game Jolt, 2023 Forbes Media LLC. The Bill amends Act 878 to impose excise duties on these products and increase the excise duty on mineral waters and malt drinks. One cedi is divided into one hundred pesewas. The Association of Ghana Industries (AGI), CEO of the Ghana National Chamber of Commerce and Industry, Executive Director of Programs Vision for Alternative Development, Down syndrome Day What you need to know about the condition, False: 2020 election ballot papers have NOT been designed to cause Mahama to lose votes. The old cedis will cease to be legal tender by the close of today. According to the CEO of OGB Music, he invested that much in the Nothing I get hitmaker because he believed the artiste was humble and had talent. The Bill seeks to amend Act 878 to implement this Directive in line with Ghana being a member of ECOWAS. The regulator (Bank of Ghana ) must take control and be independent of political interference. Check send rates Ghanaian Cedi to Nigerian Naira conversion Last updated Apr 28, 2023, 18:47 UTC Convert Ghanaian Cedi to Nigerian In April, the professor pegged Ghanas inflation at 53.76%. @tailorMARIQUE @no_azonto_alwd Ghana paa de3333 ..this for 5 billion old Ghana cedis Comparing the development rate for the last 3 years nevertheless, the greatest growth was taped in 2018 at 7.5%, followed by 6.1% in 2019 and 4.6% in 2017. Buffett Will Beat theMarket asRecession Looms, Investors Say, Rivians Troubles Dont End at a 93% Wipeout, First Republics Jumbo Mortgages Brought On Banks Failure, Asia Stocks Set for Mixed Start as Treasuries Drop: Markets Wrap. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. height: 1em !important; Ghana Thanks to Pres. Ghanas first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 5 USD to GHS. As of today at 12:00PM UTC one billion naira is equal to 25,624,760.38 (GHS) or twenty-five million six hundred twenty-four thousand seven hundred sixty A breakdown of the data shows that Ghanas debt increased by 38.1 billion cedis on a year-on-year basis, which is from March 2019 to March 2020. The debt went up by 78.6 million cedis representing an increase of 14.49 percent. Today, information available suggest that the Methodist church, Ghana has also followed suit. President Nana Addo Dankwa Akufo-Addo has signed the three new taxes passed by Parliament into law. This documentary-style series follows investigative journalists as they uncover the truth. 59.000 GHS. New One By setting 10,000 old Ghana cedis to one new Ghana cedi (currency sign: GH; currency code: GHS), the re-denomination process that aimed to address past Enter the amount to be converted in the box to the left of Pound Sterling. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. The object of the Income Tax (Amendment) (No. Those described as extremely poor declined from 26.8% to 18.2%. 1 Pound Sterling (GBP) and Ghanaian Cedi (GHS) Currency Exchange Rate Conversion Calculator. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and provides the information in its best way. According to the CEO of OGB Music, he invested that much in the Nothing I get hitmaker because he believed the artiste was humble and had talent. REUTERS/Francis Kokoroko LONDON, Dec 14 (Reuters) - Ghana's cedi currency firmed more than 12% on Wednesday to hit its strongest level in 2-1/2 months The Old Ghanaian Cedi (GHC) is obsolete. Ghanaian Cedi That took losses in 2022 to nearly 52%, the worst performance among 148 currencies tracked by Bloomberg. Use "Swap currencies" to make Old Ghanaian Cedi the default currency. Thats tying up as much as 9 billion cedis ($1.6 billion) of investments, more than a third of the 25 billion cedis in assets that private fund managers oversee for retail and institutional investors. The fall was ended in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. The coin is similar to the existing GH1 coin in shape, form and images; the Coat of Arms in front and the Scale of Justice at the back. CFA francs BCEAO to Ghanaian cedis - Wise I dont want to talk about the airport , Tubaba has already talked about that but I forgot both my phones while signing the immigration cards, about 10mins later, it was announced to pick them up at guest services! This category went up by 48.82 million cedis representing about 18 percent. Is there a claim that you would like us to investigate? Government has paid over one billion Ghana Cedis within the past 11 months to road contractors as outstanding arrears for work executed during the previous governments era, Mr Kwesi Amoako-Atta, the Minister of Roads and Highways, has disclosed. Under Pres. If you continue to use this site we will assume that you are happy with it. 1 Billion GHS to USD Ghanaian Cedis to US Dollars 1 Pulse Ghana Total deposits also increased from 73 billion cedis to 84 billion cedis within the same period. margin: 0 .07em !important; History of daily rates GHC /GHS since Sunday, 13 March 2022. The president of the Republic of Ghana visited France earlier this week and Ghpage.com has just discovered that the founder and leader of Anointed Place Chapel, Reverend Obofour paid 12 billion Cedis (GHS1.2 million) to airlift his new 2020 Rolls Royce Cullinan Billionaire limited edition worth GH5m to Ghana. My marriage will cost one hundred and fifty billion old cedis Daboo. Cape Coast Currency Exchange Rates - International Money Transfer | Xe Convert To Result Explain 1 USD: GHS: 5.8102 GHS: 1 US Dollar = 5.8102 Ghanaian Cedis as of 6/11/2021 As of now, we hold documentary evidence, clearly showing that we have paid over ninety-six (96) billion old Ghana cedis (GHC 9.6 M) even in our state of dormancy and continue to humbly make payments every now and then, he wrote. Actress Yvonne Nelson also requested One Hundred Thousand Ghana Cedis (GH 100,000) old One Billion Cedis to produce ten videos, one for each of the 10 regions. Excise duty will be imposed on these products as the nicotine and other chemicals used as additives are also harmful. After independence Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region.