Do you want to know how much Ghana Cedis (GHS) is exchanged for Nigerian Naira (NGN)? If yes, keep reading.
Ghana Cedis is the official currency of Ghana. When converting it to the Nigerian Naira, rates can vary depending on whether you use the official Central Bank of Nigeria (CBN) rate or the black market rate.
Cedis to Naira Exchange Rate Today
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Official CBN Rate: 1 Ghana Cedi = ₦42.97
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Black Market Rate: 1 Ghana Cedi ≈ ₦75.00
Conversion Table: Ghana Cedis to Nigerian Naira
| Ghana Cedis (GHS) | Nigerian Naira (NGN) |
|---|---|
| 1 | ₦42.97 |
| 50 | ₦2,148 |
| 100 | ₦4,297 |
| 500 | ₦21,485 |
| 1000 | ₦42,970 |
Conclusion
If you’re looking for the best forex rates to exchange currency in Nigeria, keeping an eye on both the official CBN rate and the black market rate can help you get the most value. For the latest trends and updates on currency exchange rates, follow trusted financial blogs and forex platforms.
FAQs
What is the current exchange rate of Ghana Cedis to Naira?
As of today, the official CBN rate is 1 Ghana Cedi = ₦42.97, while the black market rate is around ₦75.00.
How can I convert Ghana Cedis to Nigerian Naira?
You can convert Ghana Cedis to Naira at banks using the official CBN rate or at authorized forex dealers and black market operators, keeping in mind the rate differences.
Is the black market rate better than the official CBN rate?
The black market rate is higher than the official rate, meaning you get more Naira per Cedi, but it may involve risks and is not regulated by the government.
Where can I check updated Ghana Cedis to Naira rates?
Updated rates can be checked on official bank websites, forex platforms, and trusted financial news sources. Rates may vary daily due to market fluctuations.
Also Read: Exchange Rate of ZAR to NGN
