31. The second cedi was initially pegged to the British pound at a rate of 2 cedi = 1 pound. 32. The government decided to " cut " four zeros off the currency by the switch to the third cedi . 33. CEDI implements faculty and entrepreneurship development programmes for faculty, students and potential and existing entrepreneurs in the region.34. The overvalued cedi and spiraling inflation exacerbated mining companies'problems, as did smuggling and the deteriorating infrastructure. 35. Much of the credit for the event belongs to the Ecumenical Center for Documentation and Information ( CEDI ). 36. Since the exchange rate is 7, 000 cedis to the dollar, we're not talking big money. 37. These ships were carrying thousands of kilograms of cocaine, with a street value running into billions of Ghana cedis . 38. The first cedi was pegged to the British pound at a rate of 2.4 cedis = 1 pound. 39. The first cedi was pegged to the British pound at a rate of 2.4 cedis = 1 pound. 40. Ghana Airways owes a total of dlrs 127 million to international agencies and its domestic debt runs into billions of cedis .