GHANA MONEY

Last activity 23 April 2015 by hkann

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david lee 1Active member23 April 2015 01:37:52

Just wondered if your money is tied to the US dollar , I notice some prices are shown in the US dollar and some in GHS. I understand when you exchange only GHS is accepted in Ghana. this is hard to understand,when the exchange rate changes does all the prices go up in Accra to reflect the change like rent.? and food .

hkannGhana Expert23 April 2015 06:18:06

1175

Yes! Although it is supposed to be against the law to quote prices in dollars, they are still used for houses and other high cost items. If you are buying something quoted in dollars you pay the cedi equivalent of the price which varies according to the exchange rate. As the cedi falls you see constant price revisions in the shops and sometimes you will find a different price at the till from the shelf.

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