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Ghanaian pound

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Ghanaian pound
Obverse and reverse of £1 banknoteObverse and reverse of 1d coin
Unit
Pluralpounds
Symbol£
Denominations
Subunit
1240penny
120shilling
Plural
 pennypence
 shillingshillings
Symbol
 pennyd
 shillings. or /–
Banknotes10/-, £1, £5, £1,000
Coins12d, 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

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In 1958, Bronze coins were issued for 12d 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
12d 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

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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

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References

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  • 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.
[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