Ghana Cedi to US Dollar: Your questions answered
As we get nearer to our launch date we wanted to clarify how we come up with the goal cost to fund a student. Schools in Ghana communicate their tuition cost in Ghanaian currency, the Ghana Cedi (GHC). The cedi is generally worth about half of a US dollar, but the exact rate is constantly changing with the market.
Since we transfer money to Ghana using Western Union, we use their webpage (www.westernunion.com) to convert Ghana Cedi to US dollar and use that US dollar amount to compute the full goal cost of funding a student.
You’re always welcome to reach out if you have any questions. We want all our future donors to feel comfortable and certain of how their money is being donated. We can’t wait to begin working with you on April 15, 2013.
-Anna and Sylvester