Pursuant to the answer of 1 February 2008, Official Report, column 721W, the exchange rates used and cedi equivalents for transactions are noted in the following table.
Standard Chartered Bank is used for all transactions, with transfers from sterling to Ghana new cedis agreed on a no commission basis. Each payment was used to fund local expenditure through the DFID Ghana office.
Value (£) Exchange rate (GHS to £) used Amount in new Ghana cedis (GHS) 7 August 2007 100,000 GHS 1.8750 187,500.00 13 September 2007 125,000 GHS 1.8880 236,000.00 5 November 2007 170,000 GHS 1.9850 337,450.00 12 December 2007 83,000 GHS 1.9850 164,755.00 9 January 2008 100,000 GHS 1.9100 191,000.00