Money: The official currency is the cedi (GHC), which is divided into 100 pesewas. Foreign currency can be exchanged at any forex bureaux as well as at some commercial banks; banks and foreign exchange facilities are available at the airport and in all major towns. It is advisable to keep an currency exchange receipts in order to be able to re-exchange when departing. Banking hours are usually from 8.30am to 3pm Monday to Friday, and most large commercial banks have ATMs located outside, although only limited amounts of cedis can be drawn at a time. Travellers cheques are accepted at banks and forex bureaux in the capital Accra, but the rate of exchange may be lower than for cash transactions. The most widely accepted credit cards are American Express, Diners and Visa, and cards can be used for payment at major hotels and shops, although this can be risky as credit card fraud is very common. The best currencies to bring are US dollars, British pounds or Euros as other currencies exchange at poor rates.
Cedi Notes are in denominations of GHC 50, 20, 10, 5 and 1
Coins are in denominations of 1 GHC and also 50p, 20p, 10p, 5p & 1 pesewas .
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 travellers cheques.
Credit debit cards
Credit cards are accepted by major 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. Some banks may give cash advances against leading cards.
To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
The import of local currency is limited to amounts which have previously been permitted to be taken out of the country and this must be noted in the passport/travel documents; it must also be declared. 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 $10,000. The import of foreign currency is unlimited, subject to declaration (on exchange control form T5 which must be retained to record transactions).
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Note: The Cedi is pegged to the US Dollar at an adjustable rate.
Mon-Fri - 08:30-16:00 GMT
Sat - 09:00 - 14:00 GMT (Not all banks operate on Saturdays)