Ghanaian pound

The Ghanaian pound was the currency of Ghana between 1958 and 1965. It was subdivided into 20 shillings, each of 12 pence. Until 1958, Ghana used the British West African pound, after which it issued its own currency. In 1965, Ghana introduced the first cedi at a rate of 1 pound = 2.4 cedis, i.e., 1 cedi = 100 pence.

Coins

In 1958, Bronze coins were issued for ½ and 1 penny, along with cupro-nickel 3 and 6 pence, 1 and 2 shillings. The 3 pence coin was scalloped in shape.

Ghanaian pound
(Legal tender: 1958-65)
ImageValueDescriptionDate of issue
Obverse & ReverseObverseReverseMetalWeightDiameterEdge
½ penny Kwame Nkrumah
(Lettering:)
CIVITATIS GHANIENSIS CONDITOR
(the Founder of Ghana)
KWAME NKRUMAH
Five-pointed star
(Lettering:)
GHANA 1958
&
The value of the coin
Bronze 2.9 g 21 mm Smooth 1 July 1958
1 penny 5.7 g 25.5 mm Plain
3 pence Copper/Nickel 3.3 g 19.5 mm
6 pence 2.2 g 16.5 mm
1 shilling 4.5 g 21 mm Reeded
2 shillings 8.9 g 26.5 mm

Banknotes

In 1958, banknotes were introduced in denominations of 10 shillings, 1 and 5 pounds. They were produced until 1962, except for the 10 shillings which was produced until 1963.

Ghanaian pound
(Legal tender: 1958-67)
ImageValueDescriptionYears of issue
Obverse & ReverseObverseReverse
10 shillings Bank of Ghana Star 1958-1963
1 pound Cocao 1958-1962
5 pounds Cargo ships and logs
1,000 pounds
(Only used in Interbanking Transactions)
Art pattern 1958

See also

References

  • Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
Preceded by:
British West African pound
Reason: independence (in 1957)
Currency of Ghana
1958 1965
Succeeded by:
First Ghanaian cedi
Reason: decimalisation
Ratio: 2.4 cedi = 1 pound, or 1 pesewa = 1 penny
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