Ghanaian pound

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.

Ghanaian pound

Obverse and reverse of £1 banknote Obverse and reverse of 1d coin
Unit
Plural	pounds
Symbol	£‎
Denominations
Subunit
1⁄240	penny
1⁄20	shilling
Plural
penny	pence
shilling	shillings
Symbol
penny	d
shilling	s. or /–
Banknotes	10/-, £1, £5, £1,000
Coins	1⁄2d, 1d, 3d, 6d, 1/–, 2/–
Demographics
Date of introduction	1958
Replaced	British West African pound (at par)
Date of withdrawal	1965
Replaced by	Ghanaian cedi (£1 = ₵2.40)
User(s)	Ghana
This infobox shows the latest status before this currency was rendered obsolete.

Coins

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

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

• Africa portal
• Money portal
• Numismatics portal

• Economy of Ghana

References

• Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
• Pick, Albert (1994). Bruce, Colin R. II; Shafer, Neil (eds.). Standard Catalog of World Paper Money: General Issues (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