Why can’t your country do same if it’s that easy. The Cedi back in 2007 was GHC 0.8 to 1 USD then 3 cedis to a Dollar it later became a Cedi to a Dollar but since the over 30% inflation rate, the Cedi has since depreciated in value but it’s just around 13 cedis to 1 Dollar. Apparently things are a bit more expensive here so $10 dollars is just enough for your daily bread.
It was actually decided by 10,000. It is called redenomination of cedis. For example, when the cedi('second' cedi) was redenominated to the Ghana cedi, four zeros were dropped from the old currency. Thus 10,000 cedi of the 'old' currency became 1 'Ghana cedis.
@@Travelwaka Yes pls. Your money was Re-dominated like 10 years ago by deviding it by 10,000 . The current value of your money is what ever you have mutiplt by 10,000 . That will give the the true vaue to a dollar.
@@Travelwaka In 2007, Ghana embarked on a bold move, re-denominating their currency by removing four zeros and pegging it to the US Dollar (USD) at a 1:1 ratio.
@@dareisholano wonder Nigeria education system is the worst how does redenominated currency affect the value of a currency or don't you know how the naira became the worst currency in the world
@@Travelwaka always funny when you make content without even putting minimal work in research... that 11 cedis is same as 110,000 old Ghana cedis .... type "cedis denomination" even on this same UA-cam and see different content some even from 2007 on this issue
@@akindolieayodeji2582 Even without denomination, the Cedis has depreciated significantly. One Naira is now more than than 25 cedis just one year after.
I am glad to see Nigerians that know it always looks greener on the other side till one actually does their research, Ghanas economy is a Joke they got big heads after redenomination yet look at Nigeria never redenominaed the Naira as problematic as our economy is it always bounce back ghana has redenominated what 3 times already and many of our people are falling for the smoke and mirror is of it
Ghana cedis is valuable on paper but not strong compared to naira in reality, Ghana removed four zeros (0000) from their currency in 2007 but the value still remains the same, e.g (10,000 cedis to 1 cedis) after removing the zeros but value of that 1cedis is equivalent to the old 10,000 cedis, what you can buy with 1,000 naira in Nigeria convert it to cedis and you cant buy that same thing with the converted money in Ghana, you have to pay double for it in Ghana. please do your research before you post
Ghana removed only two zeros "00" not four zeros "0000".. do ur research well my brother.. am a Ghanaian and I can assure u that on this date 11\11\2023.. Gh¢100 = 4600+ naira 🔥🔥🔥
@@rayblackson4413it's better to actually buy things for cheaper price than double u shouldn't even be saying that cause either way you are going be the one suffering
Some Nigerians are saying Ghanaians removed zeros from the currency 😂😂,Lets them go to school again , ignorance is a disease 😢
Come back again please the topic is nice one
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Why is the video so short, kindly complete it
The Nigerian Naira is moRe valuable than the Ghanaian currency because in 2007 Ghana Redominated it’s currency and removed four zeros from behind it.
yes
Why can’t your country do same if it’s that easy.
The Cedi back in 2007 was GHC 0.8 to 1 USD then 3 cedis to a Dollar it later became a Cedi to a Dollar but since the over 30% inflation rate, the Cedi has since depreciated in value but it’s just around 13 cedis to 1 Dollar.
Apparently things are a bit more expensive here so $10 dollars is just enough for your daily bread.
This is coming at the right time for me o
Good to know.
Ah but why is this video short
Chinekwelu...U no dey complete video????
N1000 is now more than 25 cedis just one year after.
Reality of life
It was actually decided by 10,000. It is called redenomination of cedis. For example, when the cedi('second' cedi) was redenominated to the Ghana cedi, four zeros were dropped from the old currency. Thus 10,000 cedi of the 'old' currency became 1 'Ghana cedis.
Please when taking Ghana cedis to Nigeria the values high or low please ogent please
I don't get
It’s high
Ghana money was decided by 1000 years ago. The real comparison is 1000 Naira to 1200 cedis
Really?
@@Travelwaka Yes pls. Your money was Re-dominated like 10 years ago by deviding it by 10,000 . The current value of your money is what ever you have mutiplt by 10,000 . That will give the the true vaue to a dollar.
@@Travelwaka In 2007, Ghana embarked on a bold move, re-denominating their currency by removing four zeros and pegging it to the US Dollar (USD) at a 1:1 ratio.
@@dareisholano wonder Nigeria education system is the worst how does redenominated currency affect the value of a currency or don't you know how the naira became the worst currency in the world
@@MichaelCurry-es5qy What is the the name of the school you went to ? I think they ned to closed down that school. Because you still sound uneducated.
Convert hundreds naira to cedies in worlds
The value keep changing , not sure of the present rate
The video is too short please
lol
Did you mean our own 1000 naira is 11cedes for Ghanaian
Yes
Yes that's right
@@Travelwaka always funny when you make content without even putting minimal work in research... that 11 cedis is same as 110,000 old Ghana cedis .... type "cedis denomination" even on this same UA-cam and see different content some even from 2007 on this issue
@@akindolieayodeji2582
Even without denomination, the Cedis has depreciated significantly. One Naira is now more than than 25 cedis just one year after.
I am glad to see Nigerians that know it always looks greener on the other side till one actually does their research, Ghanas economy is a Joke they got big heads after redenomination yet look at Nigeria never redenominaed the Naira as problematic as our economy is it always bounce back ghana has redenominated what 3 times already and many of our people are falling for the smoke and mirror is of it
Ghana cedis is valuable on paper but not strong compared to naira in reality, Ghana removed four zeros (0000) from their currency in 2007 but the value still remains the same, e.g (10,000 cedis to 1 cedis) after removing the zeros but value of that 1cedis is equivalent to the old 10,000 cedis, what you can buy with 1,000 naira in Nigeria convert it to cedis and you cant buy that same thing with the converted money in Ghana, you have to pay double for it in Ghana. please do your research before you post
Exactly!!! You said it all…
Ghana removed only two zeros "00" not four zeros "0000".. do ur research well my brother.. am a Ghanaian and I can assure u that on this date 11\11\2023.. Gh¢100 = 4600+ naira 🔥🔥🔥
@@rayblackson4413it's better to actually buy things for cheaper price than double u shouldn't even be saying that cause either way you are going be the one suffering
Hmmmm
The Naira is less powerfuk than the Ghana Cedis in 2023.😊
😅😅