Convert NGN to GHS
NGN to GHS Comparison Table
| Feature | NGN (Nigerian Naira) | GHS (Ghanaian Cedi) |
|---|---|---|
| Currency Code | NGN | GHS |
| Symbol | ₦ | GH₵ |
| Issuing Authority | Central Bank of Nigeria | Bank of Ghana |
| Economic Strength | Developing, resource-based economy | Developing, service-based economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions, trade |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Growing adoption, mobile money prominent |
| Inflation Rate | Historically high | Relatively high |
| Interest Rates | High | High |
| Foreign Exchange Reserves | Moderate | Adequate |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Increasing, various sectors |
Key Observations:
- Both NGN and GHS are currencies of developing economies facing economic challenges.
- High inflation rates are a common issue for both countries.
- Both Nigeria and Ghana have seen significant growth in mobile money adoption.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to MWK NGN to MZN NGN to NAD NGN to RWF | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | Oceania Currencies |
| NGN to HUF NGN to MDL NGN to MKD NGN to PLN | NGN to GTQ NGN to GYD NGN to HNL NGN to JMD |
7 Facts About Ghanaian Cedi
- Historical Currency: The Cedi is Ghana’s second official currency, replacing the Pound Sterling in 1965, reflecting the nation’s independence.
- Floating Exchange Rate: The Cedi operates on a floating exchange rate, subject to market forces and economic conditions.
- Central Bank Control: The Bank of Ghana oversees the issuance and management of the Cedi, implementing monetary policies.
- Economic Challenges: Ghana faces economic challenges, including inflation and trade deficits, impacting the Cedi’s stability.
- Subdivision: Divided into 100 pesewas, these smaller units are less commonly used in daily transactions.
- Cash and Digital Payments: While cash remains prevalent, Ghana is increasingly adopting digital payment systems.
- Currency Code: GHS is the official currency code for the Ghanaian Cedi, used in international transactions.
Top Banks in Nigeria and Ghana for Naira to Cedi Conversion
| Country | Bank Names | City |
|---|---|---|
| Ghana | Ghana Commercial Bank (GCB) | Accra |
| Ghana | Ecobank Ghana | Accra |
| Ghana | Stanbic Bank Ghana | Accra |
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | Sterling Bank | Lagos |
| Nigeria | Fidelity Bank Plc | Lagos |