![]() ![]() The exchange rate between these two currencies can fluctuate, so it’s always a good idea to check the current rate before making any conversions. This means that for every US dollar you have, you can get about 5.7 Ghanaian cedis in return. As of January 2020, 1000 US dollars is worth approximately 5,700 Ghanaian cedis. If you’re looking to convert 1000 US dollars into Ghanaian cedis, you’ll need to know the current exchange rate. How much is 1000 US dollars in Ghanaian cedis If you are planning to travel to Ghana or make a purchase from a Ghanaian company, it is important to check the current exchange rate to ensure you are getting the best value for your money. This has caused the cedi to depreciate against the USD and other major currencies. ![]() For instance, the recent outbreak of COVID-19 has led to a decrease in global demand for oil, which is one of Ghana’s main exports. The exchange rate between the cedi and the USD can fluctuate due to a number of factors, including political instability and economic conditions in Ghana and abroad. As of June 2020, one cedi is worth about 0.17 USD. In 2007, for example, the government of Ghana announced a new series of banknotes with higher values, following years of inflation. Since its introduction, the cedi has undergone several revaluations. The name “cedi” comes from the Akan word for cowrie shell, which were once used as currency in Ghana. The cedi was introduced in 1965, replacing the British pound sterling at a rate of 2.4 cedi to 1 pound sterling. The Ghana cedi is the official currency of Ghana, a West African country located on the Gulf of Guinea. This means that 1000 USD is equal to approximately 5740 GHS. ![]() As of June 2020, 1 USD is equal to approximately 5.74 GHS. If you are interested in purchasing goods or services in Ghana, it is important to know the current exchange rate between the Ghana cedi (GHS) and the US dollar (USD). ![]()
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