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The '''Ghanaian 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 pound = 2.4 cedi, i.e., 1 cedi = 100 pence. |
The '''Ghanaian 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 pound = 2.4 cedi, i.e., 1 cedi = 100 pence. |
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Revision as of 21:26, 25 July 2017
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 | |||
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) | ||||||
---|---|---|---|---|---|---|
Image | Value | Description | Years of issue | |||
Obverse & Reverse | Obverse | Reverse | ||||
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.
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 |