Using the same exchange rate (1 GHS = 0.06895 USD), 1,500 Ghanaian Cedis (GHS) would be approximately: So, 1,500 GHS is about $103.43 USD. As of December 22, 2024, the exchange rate from Ghanaian Cedis (GHS) to U.S. Dollars (USD) was approximately 1 GHS = 0.06895 USD. Therefore, 2,500 GHS was equivalent to about $172.37 USD. As of December 2024, the average monthly salary in Ghana is approximately 5,090 GHS, which equates to about $324 USD, based on an exchange rate of 15.74 GHS to 1 USD.
It is heartbreaking to see how many goods are confiscated, but order must be maintained. If vendors are given time to relocate, they should do so promptly and not rely on authorities failing to follow through after issuing a warning. Vendors must plan ahead and ensure they have a contingency plan in case of such warnings. By doing so, they can avoid confiscation by authorities. Ultimately, for vendors, losing merchandise means losing the assets they have invested in their business. Without assets or a source of passive income, restarting a business becomes nearly impossible.
Using the same exchange rate (1 GHS = 0.06895 USD), 1,500 Ghanaian Cedis (GHS) would be approximately:
So, 1,500 GHS is about $103.43 USD.
As of December 22, 2024, the exchange rate from Ghanaian Cedis (GHS) to U.S. Dollars (USD) was approximately 1 GHS = 0.06895 USD. Therefore, 2,500 GHS was equivalent to about $172.37 USD.
As of December 2024, the average monthly salary in Ghana is approximately 5,090 GHS, which equates to about $324 USD, based on an exchange rate of 15.74 GHS to 1 USD.
I am curious about how much the arrested vendors will be charged in court and the cost of regaining ownership of the confiscated property.
It is heartbreaking to see how many goods are confiscated, but order must be maintained. If vendors are given time to relocate, they should do so promptly and not rely on authorities failing to follow through after issuing a warning. Vendors must plan ahead and ensure they have a contingency plan in case of such warnings. By doing so, they can avoid confiscation by authorities. Ultimately, for vendors, losing merchandise means losing the assets they have invested in their business. Without assets or a source of passive income, restarting a business becomes nearly impossible.