Ghana Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  The Ghanaian cedi

  The currency used in Ghana

  On July 1, 2007, the highest-valued currency unit issued by a sovereign African country was introduced in Ghana - the Ghanaian cedi.

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  Banking in Ghana

  Opening an account, loans & credit cards

  It has been said that there are too many banks in Ghana. But, that also means you will have some choice on how to handle your money.

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  Exchanging money in Ghana

  Using cash, ATMs and credit cards

  Exchanging money in Ghana should not present any hassles. Exchanging cash or using an ATM to get local currency are especially easy processes.

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  Using money in Ghana

  Fraud and taxes

  Ghana has not yet adopted the ‘plastic culture’ that many Westerners are accustomed to regarding money, therefore the country is primarily a cash society, so be prepared to always carry some with you.

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  Ghanaian money etiquette

  Bargaining, tipping and begging

  The way money is used and talked about in Ghana may be very different from what you are used to. Be prepared for people asking you for money, bargaining in shops and make sure you leave a tip for good service! 

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