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Currency
Ghana Cedi (GHS; symbol ¢) = 100 Ghana pesewas. Notes are in denominations of ¢50, 20, 10, 5 and 1. Coins are in denominations of ¢1 and 50, 20, 10, 5 and 1 pesewas.
Currency Exchange
The exchange rate system has been liberalised and foreign currency is freely available through authorised dealers including banks and foreign exchange bureaux. The US dollar is the most widely recognised currency, and smaller bills often fetch a poor rate compared with US$50 or US$100 bills.
Credit/Debit Cards and ATMs
Credit and debit cards are accepted by some leading hotels, restaurants, banks, businesses and upmarket shops in Accra, but are seldom accepted elsewhere in the country, and fraud is quite common. In large urban areas such as Accra and Kumasi, a safer bet is to draw local currency from one of the many ATMs that accept international credit cards. By far the most widely accepted type of card is Visa. MasterCard is also accepted at some outlets, but other brands, including American Express and Diners Club, are near useless in Ghana.
Traveller's Cheques
Travellers cheques are close to useless in Ghana. One of the few places that will exchange them is the head office of Barclays Bank in Accra and Takoradi, but it seems likely this facility will eventually close too.
Currency Restrictions
The import of local currency is limited to the amount previously taken out of the country and declared. The import of foreign currency is unlimited, but must be declared upon arrival. The export of local currency is limited to ¢1,000. The export of foreign currency is limited to US$5,000 or equivalent. None of this us likely to have any practical implication for tourists.
Banking Hours
Mon-Fri 0830-1600; some banks also open Sat 0800-1200.
Exchange Rate Indicators
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