Ghanaian pound

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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 cedi, 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)
Image Value Description Date of issue
Obverse & Reverse Obverse Reverse Metal Weight Diameter Edge
160px 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
160px 1 penny 5.7 g 25.5 mm Plain
160px 3 pence Copper/Nickel 3.3 g 19.5 mm
160px 6 pence 2.2 g 16.5 mm
160px 1 shilling 4.5 g 21 mm Reeded
160px 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)
Image Value Description Years of issue
Obverse & Reverse Obverse Reverse
130px 10 shillings Bank of Ghana Star 1958-1963
130px 1 pound Cocao 1958-1962
130px 5 pounds Cargo ships and logs
130px 1,000 pounds
(Only used in Interbanking Transactions)
Art pattern 1958

See also

References

External links

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