Ghanaian Currency Redenomination Engenders Relief, Confusion

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ACCRA, Ghana — The planned obsolescence of sub-Saharan Africa’s worst currency, the Ghanaian cedi, has fortunately begun. It received a much-need facelift this month — all bills were redenominated — that is hard to dislike. Receding into memory, albeit slowly, are limited-value bills that peaked at 10,000 ($1.11 approximately) and 20,000 ($2.22), transforming basic transactions into careful counting exercises.A month’s rent valued at $550 became 4,950,000 cedi; now consider the size of that pile when the landlord, as they are wont to do here, demands six months (29,700,000) to a year (59,400,000) upfront. A reliable used car such as an […]


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