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Money Currency Cedi () = 100 pesewas. Notes are in denominations of 20,000, 10,000, 5000, 2000, 1000, 500 and 200. Coins are in denominations of 500, 200, 100 and 50 pesewas. Currency exchange The exchange rate system has been liberalised and foreign currency is freely available through authorised dealers including banks and Forex Bureaux. Cash is exchanged at a more preferential rate than travellers cheques. Credit & debit cards Credit cards are accepted by leading hotels, restaurants, banks and businesses. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Some banks may give cash advances against leading cards. Travellers cheques To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling. Currency restrictions The import of local currency is limited to amounts which have previously been permitted to be taken out of the country and this must be noted in the passport/travel documents; it must also be declared. Unused local currency can be re-exchanged on proof of authorised exchange, and visitors are advised to retain all currency exchange receipts. The export of local currency is limited to 5000. The import of foreign currency is unlimited, subject to declaration (on exchange control form T5 which must be retained to record transactions). The export of foreign currency is limited to US$5000. Exchange rate indicators The following figures are included as a guide to the movements of the Cedi against Sterling and the US Dollar:
Note: The Cedi is pegged to the US Dollar at an adjustable rate. Banking hours Mon-Thurs 0830-1400, Fri 0830-1500. |