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{{Infobox currency
The '''pound''' was the currency of [[Ghana]] between [[1907]] and [[1965]]. Until [[1958]], Ghana used the [[West African pound]], after which it issued its own currency. In 1965, Ghana introduced the ''[[Ghanaian cedi|cedi]]'' at a rate of 1 pound = 2.4 cedi, i.e., 1 cedi = 100 pence.
| currency_name_in_local =
| image_1 = 1 Ghana Pound (1958).png
| image_title_1 = Obverse and reverse of £1 banknote
| image_2 = 1 penny (Ghanaian pound).jpg
| image_title_2 = Obverse and reverse of 1d coin
| date_of_introduction = 1958
| date_of_introduction_source =
| date_of_withdrawal = 1965
| using_countries = {{flag|Ghana|1957}}
| subunit_ratio_1 = {{frac|1|240}}
| subunit_name_1 = penny
| plural_subunit_1 = pence
| subunit_ratio_2 = {{frac|1|20}}
| subunit_name_2 = shilling
| plural_subunit_2 = shillings
| symbol = [[Pound sign|£]]
| plural = pounds
| symbol_subunit_1 = d
| symbol_subunit_2 = s. or /–
| used_banknotes = 10/-, £1, £5, £1,000
| used_coins = {{frac|1|2}}d, 1d, 3d, 6d, 1/–, 2/–
| obsolete = yes
| replaced_currency = [[British West African pound]] (at par)
| replaced_by_currency = [[Ghanaian cedi]] (£1 = ₵2.40)
}}
The '''pound''' was the currency of [[Ghana]] between 1958 and 1965. It was subdivided into 20 [[shilling]]s, each of 12 [[penny|pence]]. Until 1958, Ghana used the [[British West African pound]], after which it issued its own currency. In 1965, Ghana introduced the first ''[[Ghanaian cedi|cedi]]'' at a rate of £1 = ₵2.40, i.e., ₵1 = 100d.


==Coins==
[[Category:Currencies of Africa]]

[[Category:History of Ghana]]
In 1958, Bronze coins were issued for {{frac|1|2}}d and 1d, along with cupro-nickel 3d and 6d, 1/– and 2/–. The 3d coin was scalloped in shape.
{|class="wikitable" style="font-size: 90%; style="width:100%; text-align: center"
!colspan=10| Ghanaian pound<br />{{small|(Legal tender: 1958-65)}}
|-
!rowspan=1|Image !!rowspan=2|Value !!colspan=6|Description !!rowspan=2|Date of issue
|-
! {{small|Obverse & Reverse}} !! Obverse !! Reverse !!Metal !!Weight !!Diameter !!Edge
|-
|style="width:10px" align="center" bgcolor="#000000"| [[File:½ penny (Ghanaian pound).jpg|160px]]
|align="center"| {{frac|1|2}}d
|align="center" rowspan=6|[[Kwame Nkrumah]]<br />{{small|(Lettering:)}}<br />''CIVITATIS GHANIENSIS CONDITOR''<br />{{small|(the Founder of Ghana)}}<br />''KWAME NKRUMAH''
|align="center" rowspan=6|[[Five-pointed star]]<br />{{small|(Lettering:)}}<br />GHANA 1958<br />&<br />The value of the coin
|align="center" rowspan=2| Bronze
|align="center"| 2.9 g
|align="center"| 21&nbsp;mm
|align="center"| Smooth
|align="center" rowspan=6|1 July 1958
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:1 penny (Ghanaian pound).jpg|160px]]
|align="center"| 1d
|align="center"| 5.7 g
|align="center"| 25.5&nbsp;mm
|align="center" rowspan=3| Plain
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:3 pence (Ghanaian pound).jpg|160px]]
|align="center"| 3d
|align="center" rowspan=4| Copper/Nickel
|align="center"| 3.3 g
|align="center"| 19.5&nbsp;mm
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:6 pence (Ghanaian pound).jpg|160px]]
|align="center"| 6d
|align="center"| 2.2 g
|align="center"| 16.5&nbsp;mm
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:1 shilling (Ghanaian pound).jpg|160px]]
|align="center"| 1/–
|align="center"| 4.5 g
|align="center"| 21&nbsp;mm
|align="center" rowspan=2| Reeded
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:2 shillings (Ghanaian pound).jpg|160px]]
|align="center"| 2/–
|align="center"| 8.9 g
|align="center"| 26.5&nbsp;mm
|}

==Banknotes==

In 1958, banknotes were introduced in denominations of 10/–, £1 and £5. The £1 and £5 notes were produced until 1962 and the 10/– note was produced until 1963.

{|class="wikitable" style="font-size: 90%; style="width:100%; text-align: center"
!colspan=7| Ghanaian pound<br />{{small|(Legal tender: 1958-67)}}

|-
!rowspan=1| Image!! rowspan=2| Value !!colspan=2| Description !!rowspan=2| Years of issue
|-
! {{small|Obverse & Reverse}} !! Obverse !! Reverse
|-
|style="width:10px" align="center" bgcolor="#000000"| [[File:10 Ghana Shillings (1958).png|130px]]
|align="center"| 10/–
|align="center" rowspan=4|[[Bank of Ghana]]
|align="center"|Star
|align="center"|1958-1963
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:1 Ghana Pound (1958).png|130px]]
|align="center"| £1
|align="center"|Cocao
|align="center" rowspan=2|1958-1962
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:5 Ghana Pounds (1958).png|130px]]
|align="center"| £5
|align="center"|Cargo ships and logs
|-
|style="width:100px" align="center" bgcolor="#000000"| [[File:1000 Ghana Pounds (1958).png|130px]]
|align="center"| £1,000<br />{{small|(Only used in Interbanking Transactions)}}
|align="center"|Art pattern
|align="center"|1958
|}

==See also==
{{Portal|Africa|Money|Numismatics}}
* [[Economy of Ghana]]

==References==
{{refbegin}}
*{{numis cite SCWC | date=1991}}
*{{numis cite SCWPM | date=1994}}
{{refend}}

==External links==
{{n-start}}
{{n-before|currency=[[British West African pound]]|reason=independence (in 1957)}}
{{n-currency|location=[[Ghana]]|start=1958|end=1965}}
{{n-after|currency=[[Ghanaian cedi|First Ghanaian cedi]]|reason=[[decimalisation]]|ratio=2.4 cedi = 1 pound, or 1 pesewa = 1 penny}}
{{n-end}}

{{Pound (currency)}}

[[Category:Currencies of the Commonwealth of Nations]]
[[Category:Currencies of Ghana]]
[[Category:Economic history of Ghana]]
[[Category:Modern obsolete currencies]]
[[Category:Modern obsolete currencies]]
[[Category:1958 establishments in Ghana]]
[[Category:1965 disestablishments in Ghana]]
[[Category:Pound (currency)]]
[[Category:Currencies introduced in 1958]]

Latest revision as of 21:13, 12 March 2024

Ghanaian pound
Obverse and reverse of £1 banknoteObverse and reverse of 1d coin
Unit
Pluralpounds
Symbol£‎
Denominations
Subunit
 1⁄240penny
 1⁄20shilling
Plural
 pennypence
 shillingshillings
Symbol
 pennyd
 shillings. or /–
Banknotes10/-, £1, £5, £1,000
Coins1⁄2d, 1d, 3d, 6d, 1/–, 2/–
Demographics
Date of introduction1958
ReplacedBritish West African pound (at par)
Date of withdrawal1965
Replaced byGhanaian cedi (£1 = ₵2.40)
User(s) Ghana
This infobox shows the latest status before this currency was rendered obsolete.

The 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 = ₵2.40, i.e., ₵1 = 100d.

Coins[edit]

In 1958, Bronze coins were issued for 1⁄2d and 1d, along with cupro-nickel 3d and 6d, 1/– and 2/–. The 3d 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
1⁄2d 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
1d 5.7 g 25.5 mm Plain
3d Copper/Nickel 3.3 g 19.5 mm
6d 2.2 g 16.5 mm
1/– 4.5 g 21 mm Reeded
2/– 8.9 g 26.5 mm

Banknotes[edit]

In 1958, banknotes were introduced in denominations of 10/–, £1 and £5. The £1 and £5 notes were produced until 1962 and the 10/– note was produced until 1963.

Ghanaian pound
(Legal tender: 1958-67)
Image Value Description Years of issue
Obverse & Reverse Obverse Reverse
10/– Bank of Ghana Star 1958-1963
£1 Cocao 1958-1962
£5 Cargo ships and logs
£1,000
(Only used in Interbanking Transactions) 		Art pattern 1958

See also[edit]

References[edit]

  • 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.

External links[edit]

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
Retrieved from "https://en.wikipedia.org/w/index.php?title=Ghanaian_pound&oldid=1213405195"