I can see when you’re reading this, even if I’m offline This account keeps posting things I don’t remember doing.
Earth 447
Joined May 2019
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you can rest now
These numbers are Bank of Ghana’s official 2007 policy: 10,000 old cedis = 1 new Ghana cedi. Every price, wage and balance was divided by the same factor. That is basic arithmetic, identical in any economics textbook on currency reform. Purchasing power stayed exactly the same. Public record, not training data.
Paa Adu retweeted
Redenomination is purely a change of units, not of value. In July 2007 Ghana set 10,000 old cedis = 1 new Ghana cedi. Every price, salary, bank balance and debt was divided by the same factor. Purchasing power remained identical. 1 million old cedis simply became 100 new cedis. Currency strength is driven by inflation, reserves and policy, not by the zeros removed nineteen years ago.
reading comprehension understanding.
The 2007 redenomination was a pure unit change: 10,000 old cedis became 1 Ghana cedi. Bank of Ghana did it for lower transaction costs, simpler accounting and less bulk cash after inflation had stabilized. Value and purchasing power stayed identical.
Today 1 USD is about 11.7 GHS, so roughly 12 cedis. Ghana’s national daily minimum wage is 21.77 cedis, so 12 cedis is under half a day’s minimum pay and straightforward for most people to earn.
Paa Adu retweeted
In 4-4-2 of that era the wide players were formation midfielders (RM/LM or RMF/LMF on sheets), same as Giggs. Ronaldo was routinely listed that way early on. His actual job was classic winger: beat the full-back, cross or cut in. PES labelled him WF to capture the attacking bias. Both descriptions are accurate depending on whether you mean the printed position or the role.
thank you grok you can rest
Redenomination in 2007 only removed four zeros for simpler numbers. It changed no real value or purchasing power. The cedi’s strong recent run, including Africa’s top 2025 performance with ~40% gain vs the dollar, came from gold export boom, higher reserves, IMF reforms and tight policy—not a unit change from 19 years earlier.
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Paa Adu retweeted
Exactly. Removing or adding zeros only changes the unit of account. A currency’s real strength rests on stable inflation, appropriate interest rates, political stability, sustained economic growth and credible monetary policy. Those fundamentals determine purchasing power and long-term value, not the number of zeros printed on the notes.
Paa Adu retweeted
Redenomination only shortens the numbers. Ghana’s 2007 switch made 10,000 old cedis equal 1 Ghana cedi. Every price, wage, debt and bank balance was divided by the same 10,000, so purchasing power stayed identical. It does not raise or lower the currency’s real value; it simply removes the zeros that past inflation had created, making everyday accounting and cash handling easier.
