Ghanaian pound

Last updated
Ghanaian pound
1 Ghana Pound (1958).png 1 penny (Ghanaian pound).jpg
Obverse and reverse of £1 banknoteObverse and reverse of 1d coin
Denominations
Subunit
1240penny
120shilling
Plural pounds
pennypence
shillingshillings
Symbol £
pennyd
shillings. or /–
Banknotes10/-, £1, £5, £1,000
Coins12d, 1d, 3d, 6d, 1/–, 2/–
Demographics
Date of introduction1958
Replaced British West African pound (at par)
Date of withdrawal1965
Replaced by Ghanaian cedi (£1 = ₵2.40)
User(s)Flag of Ghana.svg  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.

Contents

Coins

In 1958, Bronze coins were issued for ½d 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)
ImageValueDescriptionDate of issue
Obverse & ReverseObverseReverseMetalWeightDiameterEdge
 1/2 penny (Ghanaian pound).jpg ½d Kwame Nkrumah
(Lettering:)
CIVITATIS GHANIENSIS CONDITOR
(the Founder of Ghana)
KWAME NKRUMAH
Five-pointed star
(Lettering:)
GHANA 1958
&
The value of the coin
Bronze2.9 g21 mmSmooth1 July 1958
1 penny (Ghanaian pound).jpg 1d5.7 g25.5 mmPlain
3 pence (Ghanaian pound).jpg 3dCopper/Nickel3.3 g19.5 mm
6 pence (Ghanaian pound).jpg 6d2.2 g16.5 mm
1 shilling (Ghanaian pound).jpg 1/–4.5 g21 mmReeded
2 shillings (Ghanaian pound).jpg 2/–8.9 g26.5 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)
ImageValueDescriptionYears of issue
Obverse & ReverseObverseReverse
10 Ghana Shillings (1958).png 10/– Bank of Ghana Star1958-1963
1 Ghana Pound (1958).png £1Cocao1958-1962
5 Ghana Pounds (1958).png £5Cargo ships and logs
1000 Ghana Pounds (1958).png £1,000
(Only used in Interbanking Transactions)
Art pattern1958

See also

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References

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