Ghanaian Cedi definition

Ghanaian Cedi means the lawful currency of Ghana.
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Ghanaian Cedi and "C" mean the currency of the Borrower;
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Examples of Ghanaian Cedi in a sentence

  • The Company’s wholly‐owned subsidiary AMI Africa Ghana Exploration Ltd’s functional currency is the Ghanaian Cedi.

  • The Company is exposed to foreign exchange risk from fluctuation in CAD to US dollars and Ghanaian Cedi.

  • The Ghanaian Cedi experienced very steep fluctuations against the Pound and Dollar until mid-2009 when IMF and World Bank came to the rescue.

  • The Company’s reporting currency is the Canadian dollar while it conducts a part of its business in US dollars and Ghanaian Cedi.

  • The exchange rate indicates how the Ghanaian Cedi (GH¢) is performing against other world major currencies.

  • The Ghanaian Cedi vis-à-vis the U.S. Dollar depreciated by31.3 percent in 2014 and by another 15.7 percent in 2015.

  • The group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the US dollar (USD), Ghanaian Cedi (GHS) and Philippine Peso (PHP).Foreign exchange risk arises when future commercial transactions and recognised financial assets and financial liabilities are denominated in a currency that is not the entity’s functional currency.

  • However, should there happen to be inequality in the two markets, say, the demand for imported goods and services by Ghanaians is over and above that of the American, citizens of US will still accept the Ghanaian Cedi for it can be redeemed in gold.

  • Also, it will inform them on whether a devaluation of the Ghanaian Cedi will help Ghana’s trade position or not.

  • Local Financial RiskAs mentioned already, eGro holds their finances in Denmark as opposed to Ghana to protect them from financial risk such as inflation of Ghanaian Cedi.

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