Ghanaian pound
Currency of Ghana From Wikipedia, the free encyclopedia
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.
| |||||
| 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 | |||
.jpg) |
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 | |
.jpg) |
1d | 5.7 g | 25.5 mm | Plain | |||||
.jpg) |
3d | Copper/Nickel | 3.3 g | 19.5 mm | |||||
.jpg) |
6d | 2.2 g | 16.5 mm | ||||||
.jpg) |
1/– | 4.5 g | 21 mm | Reeded | |||||
.jpg) |
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 | ||||
.png) |
10/– | Bank of Ghana | Star | 1958-1963 | ||
.png) |
£1 | Cocao | 1958-1962 | |||
.png) |
£5 | Cargo ships and logs | ||||
.png) |
£1,000 (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). 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 |
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