The currency became the fourth currency and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas. The first legal tender was the Ghanaian pound which was used between 1958 and 1965. By 1965, Ghana decided to change to their first cedis which was used between 1965 and 1967 before it then changed to the The weighted exchange rate is published on the Bank of Ghana website, as the closing rate for the day’s transactions. CONTACT US One Thorpe Road P. O. Box GP 2674 Accra, Ghana bogsecretary@bog.gov.gh +233 30-2666174 – 6 The Ghanaian Cedi is the currency of Ghana. Our currency rankings show that the most popular Ghana Cedi exchange rate is the USD to GHS rate. The currency code for Cedis is GHS, and the currency symbol is GH¢. Below, you'll find Ghanaian Cedi rates and a currency converter. Forex Trading Platforms in Ghana. Successful forex traders in Ghana have chosen the MetaTrader 5 multi-asset platform for trading Forex, exchange instruments, and futures. MT5 is an award-winning trading platform that puts you in charge, whether you are a … When it comes to Forex trading in Ghana, whether you are an experienced trader or a complete novice, a critical factor to help you achieve financial success is: educating yourself and finding the best possible Forex broker.. Part 1: Understanding the Basics of Forex Trading. Forex is short for “foreign exchange.” It is also known by the even shorter term “FX.”
Authorised FX Brokers by Bank of Ghana Section 3.13.1 of the Ghana Interbank Forex Market Conduct act stipulates; “local and International FX Brokers who want to operate in Ghana’s forex market are required to obtain prior approval from the Bank of Ghana at the beginning of every calendar year.
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Ghana’s cedi has weakened every year since at least 1994. Now the central bank appears to have drawn a line in the sand, ready to intervene should the currency slip out of the tight range it’s Forex Trading Academy offers a one stop solution for individuals to be educated and get actively involved in trading the Global markets. We train individuals/ clients/ corporate organization to learn how to Trade Global Equities such as Stock, Currencies & Commodities under the guidance of experienced professional traders.