The Ghana cedi is the currency of Ghana, introduced on 19 July 1965, a few years after independence, to replace the Ghanaian pound. The move was made under President Kwame Nkrumah as part of the country's efforts to assert its economic sovereignty with a decimal currency. The name comes from the word for cowrie shell in the Akan language, as cowries had long been used as money in West Africa. High inflation in the following decades eroded the value of the original cedi, and in 2007 the country introduced the Ghana cedi, a redenominated currency worth ten thousand old cedis. The cedi is divided into 100 pesewas.
Before and after
- 8 April 1965Merger Treaty
- 11 May 1965Construction of Israel Museum
- 20 May 1965Pakistan International Airlines Flight 705
- 14 July 1965Mariner 4 sends the first close-up pictures of Mars
- 19 July 1965Introduction of Ghana cedi
- 31 July 1965Birth of J. K. Rowling
- from August 1965 to September 1965Indo-Pakistani War of 1965
- from 21 August 1965 to 27 December 1989Socialist Republic of Romania
- 27 August 1965Death of Le Corbusier
More in Society, economy & sport
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.