Money Advice for Ghana

Local Currency

Cedi (GHC)

General Advice

Ghana’s currency has been re-denominated, and the new Ghanaian currency is the Ghana cedi (GHS).  From 01 January 2008 only the new  banknotes and coins will be in circulation.

Money Exchange

Banks and forex bureaux are available at the airport, and in all main towns.  Banking hours Monday – Friday 08:30 – 14:00.

ATM Availability

Other than in major cities and towns, ATMs are not widely available in Ghana and should not be relied upon.  For more information check the Visa ATM locator, theMasterCard ATM locator or the American Express ATM locator for the addresses of ATMs around the world.

Credit Cards

Credit card fraud in Ghana is on the increase and is now a considerable problem. Although a relatively small number of establishments in Ghana accept credit cards, their use should be very limited and avoided whenever possible.

Other Information

The import of cedis is prohibited. There are no restrictions on the import and export of foreign currencies provided that they are declared upon arrival and exchanged for local currency only through banks and foreign exchange bureaus.  An Exchange Control Form T-5 may be given to visitors on arrival; if not, you may request it.  Foreign currency and all transactions made while in the country must be recorded on this form. Store this form safely; its loss can result in problems.

Unused cedis can be reconverted into foreign currency by local banks or the Bank of Ghana, but the T-5 declaration form must show that the monies were obtained while in Ghana from an authorized dealer in foreign exchange. Currency transactions with private citizens are illegal.

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