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The CFA Franc BCEAO (XOF) is the currency used by eight West African countries that are part of the West African Economic and Monetary Union (WAEMU). It is issued by the Central Bank of West African States (BCEAO) and is pegged to the Euro, ensuring stability in exchange rates and promoting economic cooperation among member states.
The Ghanaian Cedi (GHS) is the official currency of Ghana, representing the country's economic transactions and serving as a medium of exchange. It was introduced in 2007, replacing the previous currency, the Ghanaian cedi (GHC), at a rate of 1 GHS to 10,000 GHC. The Cedi is subdivided into 100Gp (Ghanaian pesewas), facilitating both large and small transactions in the economy.