(Reuters) - Ghana's cedi currency was redenominated on Tuesday, shedding four zeros, in a move intended to make life easier for shoppers and business people fed up of carrying large bundles of cash that make them easy prey for thieves.
One new cedi -- a name derived from the local word for the cowrie shells once used as currency in West Africa -- is worth 10,000 old cedis and is divided into 100 pesewas.
Read more at Reuters Africa
One new cedi -- a name derived from the local word for the cowrie shells once used as currency in West Africa -- is worth 10,000 old cedis and is divided into 100 pesewas.
Read more at Reuters Africa
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