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Money
Currency: Cedi (¢) = 100 pesewas. Notes are in denominations of ¢5000, 2000, 1000, 500, 200, 100, 50, 20 and 10. Coins are in denominations of 50, 20, 10, 5, 1 and 0.5 pesawas.
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 are 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.
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. 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:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 11403.4 | 12661.5 | 13047.3 | 13279.4 | | $1.00= | 7825.00 | 8325.00 | 8250.50 | 8340.00 |
Banking hours: Mon-Thurs 0830-1400, Fri 0830-1500.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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