 |
Definition of 'GHC'
The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. The GHC was introduced on July 3, 2007. The word "cedi" derives from the African word for cowry shell, which was a prior form of Ghanian currency. Banknotes are issued in 1, 5, 10, 20 and 50 denominations. The currency is overseen and issued by the Bank of Ghana.
|
 |
Investopedia explains 'GHC'
The current cedi is a redenominated form of a previous old cedi, which was a replacement for an older cedi that was in use between 1965 and 1967. In 1957, Ghana became the first Sub-Saharan African country to achieve independence from the United Kingdom.
|
-
Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
Read More »
-
Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
Read More »
-
They print money, they control inflation, and much, much more. All you need to know about central banks is here.
Read More »
-
-
Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
Read More »
-
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
Read More »
|
|