At the end of the week, I cease to be a millionairePosted: June 26, 2007
THe Bank of Ghana has decided to re denominate the Cedi by lopping off four zeros. Meaning one new Cedi (inventively referred to as the Ghana Cedi) will be worth 10,000 old cedis. This also means that a dollar will be worth 0.92 – 0.93 GHC
Sadly it also means that my bank will be taking four zeros of the money I have and ending my millionaire status. Ah well, I guess its for the best.
More information and a look at the new currency here. You will note that in another fit of extreme inventiveness they have the same picture on each of the new bills. You can’t buy that kind of innovative thinking people.