Pronunciation: [sˈɛdɪz] (IPA) 
Cedis is the official currency of Ghana, and it is spelled with a soft "c" and a silent "s". The correct pronunciation of cedis is /ˈsɛdiːz/, with stress on the first syllable. The word "cedi" is derived from the Akan language, which is spoken by the Ashanti people in Ghana. It means "cowry shell," which was once used as currency in West Africa. The cedi is divided into 100 pesewas and is commonly used in Ghanaian markets and shops.
CEDIS is a noun that refers to the unit of currency in the Republic of Ghana, a country located in West Africa. The word is primarily used in English to denote the official currency of Ghana. The Ghana cedi is symbolized by the currency code “GHS” and is divided into smaller denominations, such as pesewas.
The Ghana cedi was introduced in 1965, replacing the previous currency, the Ghanaian pound. The word "cedi" derives from the Akan word for "cowrie shell," which was used as currency in the region during the pre-colonial era. It is known for its stability and significance in the Ghanaian economy.
The value of the Ghana cedi fluctuates against other major currencies, with the exchange rate being determined by supply and demand factors in the foreign exchange market. The Bank of Ghana, as the central bank, is responsible for the issuance and circulation of the currency and plays a crucial role in controlling its value.
The cedi is widely used for various economic activities within the country, including trade, investment, and day-to-day transactions. It is accepted by domestic businesses and organizations, and can also be converted into other currencies for international transactions. Furthermore, the cedi is represented in both physical form, through banknotes and coins, and in electronic form, via online banking and electronic payment systems, which facilitate digital transactions.
