The Ghanaian Cedi is the official currency of Ghana, introduced in 2007 to replace the old cedi at a rate of 1 new cedi to 10,000 old cedis. It is abbreviated as GHS and is subdivided into 100Gp (Ghanaian pesewas). The currency is issued by the Bank of Ghana, which is responsible for maintaining its value and stability. The cedi is used for all transactions within the country, including trade and services. Its symbol is ₵, and it is commonly used in both cash and electronic forms. The value of the cedi can fluctuate based on economic conditions, including inflation and exchange rates with other currencies.