Do you want to know the conversion rate from Ghana Cedis to Naira? Ghana Cedis is the official currency used in Ghana. Right here, we would outline the black market rates[or parallel market rate], the CBN rate, and the prices of some of the most used denominations.
One of the best places to exchange your currency is at the Black Market also known as Aboki and most people make use of them because of how good their rates are compared to the bank rates. Right here, we would be talking about the selling and the buying rates, especially for those who have not swapped before or made use of the parallel market.
The selling rate is used when exchanging from Cedis to naira for example if you have 100GH₵ and want to exchange it for naira, the selling rate is used while if you want to convert from naira to cedis, the buying rate is used.
Now that we have differentiated the difference between selling and buying, we will talk about the rates now. Today December 18, 2023, the selling rate was ₦95 while the buying rate is ₦80. The table below outlines the selling and buying rate:
Buying Rate₦80Selling Rate₦95
Cedis to Naira Central Bank Of Nigeria[CBN] Rate Today(December 18, 2023)
The Ghanian Cedis is not available on the CBN official rate page as we speak but you can get the value from www.exchangerate.com which is recommended by the Central Bank of Nigeria.
Pounds To Naira Black Market RateCAD To Black Market RateEuro To Naira Black Market Rate
Ghana Cedis(GH₵) To Naira Black Market Rate[Common Denominations]
The table below outlines the rate of some of the most commonly used denominations.
Price is Cedis(GH₵)Naira Equivalent1GH₵₦95010GH₵₦95050GH₵₦5000100GH₵₦95001000GH₵₦9500010,000GH₵₦950000
Both CBN and black market rates have been constant and this is because the demand is less compared to other currencies that are frequently used. When compared to other currencies like Pounds, Dollars, and Euros, the price is steady compared to the latter.
Facts About Ghana Cedis
The cedi is the official currency of Ghana symbolized by GH¢ or GH₵. Its subunit is pesewas and the denominations are ¢1, ¢2, ¢5, ¢10, ¢20 and ¢50.
Let us know the rates in your area via the comment section below
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