cedi

noun

ce·​di ˈsā-dē How to pronounce cedi (audio)
: the basic monetary unit of Ghana see Money Table

Examples of cedi in a Sentence

Recent Examples on the Web Over the same period, the Ghanaian cedi has weakened over 40 percent against the dollar, meaning that the same barrel of oil that cost roughly 475 cedi a year ago now costs over 900 cedi, almost twice as much. Isabella Simonetti, New York Times, 5 Oct. 2022 The Ghanaian cedi has lost 57% of its value this year, hitting a 22-year low. Faustine Ngila, Quartz, 5 Dec. 2022 That message was particularly attractive this past year, when the Federal Reserve’s interest-rate hikes and concerns over a pandemic-era buildup in public debt drove the dollar to record highs against African currencies such as the Nigerian naira and the Ghanaian cedi. Alexandra Wexler, WSJ, 18 Jan. 2023 Sweden has been working with Accenture on an e-krona, while Ghana is piloting an e-cedi and Indonesia is developing a prototype for a digital rupiah. Julia Horowitz, CNN, 7 Feb. 2023 The accord, which still requires IMF board approval, enables the government to address its precarious public finances and support the cedi — the world’s worst-performing currency tracked by Bloomberg this year. Ekow Dontoh, Bloomberg.com, 13 Dec. 2022 In October, Bloomberg declared that Ghana’s currency, the cedi, was the world’s worst-performing tender to the US dollar. Mankaprr Conteh, Rolling Stone, 14 Jan. 2023 To illustrate this, consider the price of a barrel of oil in dollars versus the Ghanaian cedi. Isabella Simonetti, New York Times, 5 Oct. 2022 The cedi has fallen for 15 straight weeks, weakening by 36% since the beginning of the year, according to Bloomberg. Alexander Onukwue, Quartz, 18 Aug. 2022

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'cedi.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Twi sedi cowry

First Known Use

1965, in the meaning defined above

Time Traveler
The first known use of cedi was in 1965

Dictionary Entries Near cedi

Cite this Entry

“Cedi.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cedi. Accessed 19 May. 2024.

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