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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Today, the price is more than twice that, 5 cedis, which is in line with national figures gathered by The Kenkey Index. Justice Baidoo, The Christian Science Monitor, 9 Dec. 2024 In the same year, Ghana’s central bank recorded a loss of 60.8 billion cedi (more than $5 billion at the time). Nimi Princewill, CNN, 6 Dec. 2024 But between 2017 and 2021, the government invested 5.12 billion Ghanaian cedis ($392 million) to eliminate not only fees but also costs such as meals and textbooks. Cameron Pugh, The Christian Science Monitor, 3 June 2024 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

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 30 Dec. 2024.

More from Merriam-Webster on cedi

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!