Talk:Ghanaian cedi

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[edit] New Cedi

The external purchasing power of the old and new currencies will be the same; the cedi is not being devalued nor re-valued.

What does that mean? If 10,000 old cedi will be equal to 1 new cedi, how is that not a revaluation? Nik42 07:01, 28 November 2006 (UTC)

This is just a confusion between "re-denomination" and "delvauation". Clearly in the case of new cedi of 2007, it's a re-denomination.

Some people would say cedi is re-valued because 1 unit of cedi will be 10,000 time larger

Some people would not say cedi is revalued because 10,000 cedi and 1 new cedi could buy the same amount of goods or foreign currency. 10,000 old cedi is worth 1 USD, and after the changeover, 10,000 old cedi is still worth 1 USD. --ChoChoPK (球球PK) (talk | contrib) 04:06, 30 November 2006 (UTC)

Precisely. I was confused by this at first, too. —Nightstallion (?) 14:51, 17 December 2006 (UTC)

[edit] New Page?

Ghana's central bank officially refers to the new cedi as "Ghana Cedi". Should a new page be created for this cedi, or perhaps a move to Ghana Cedi? Nik42 18:45, 30 June 2007 (UTC)

Nope, the current name is absolutely fine and fits the WikiProject Numismatics naming guidelines. —Nightstallion 20:05, 3 July 2007 (UTC)

One concern that I have: In Ghana there are two different ways to speak in monetary terms: 10,000 cedis is one Ghana Cedi. Naming the page 'Ghanian Cedi' is confusing, as one doesn't know which cedi the authors are referring to. -Fox 41.204.40.9 (talk) 17:08, 20 May 2008 (UTC)

[edit] Ghanaian GDP

The CIA World Factbook 2008 puts Ghana's GDP at roughly half what it was in 2006 - e.g Ghana's 2007 per capita (est.) is '1,400$', down from '2,800$' in 2006.

What happened, and why is there no information about this, anywhere? Something "ENORMOUS" has happened, and yet nothing is written. Is a loss in GDP of this magnitude not indicative of a catastrophe?! Ghana's GDP is lower today than it was in the 1990s; and all this within the span of a year. Yet not a word (not a single word, anywhere) from anybody dealing with Ghanaian economics or affairs.

... Either the CIA world factbook is completely and utterly wrong, or something devestating has happened to Ghana. Also, I wonder how much of this has to do with Ghanaian change in currency.

If anybody knows what is going on, please respond.

--70.68.179.142 (talk) 12:48, 2 June 2008 (UTC)