Brief History of Ghana's Monetary System

Essay from the year 2021 in the subject Economics - Monetary theory and policy, grade: 2.0, University of Siegen (Faculty 3: School of Economic Discipline), course: MSc Economic Policy, language: English, abstract: The monetary system of Ghana has been an integral part of Ghana's economic development. Since the country's independence, authorities have treated the monetary system with utmost priority to ensure its stability. This paper, therefore, seeks to discuss Ghana's monetary system since its independence. The paper discusses the various versions of the Ghanaian currency (the Cedi) issued, as well as the reasons behind their issuance. The paper also discusses some key monetary policies pursued by the Ghanaian Central Bank, as well as the trend of inflation since Ghana's independence.