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.
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.
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.
- Krause, Chester L., and 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.
British West African pound
Reason: independence (in 1957)
|Currency of Ghana
1958 – 1965
First Ghanaian cedi
Ratio: 2.4 cedi = 1 pound, or 1 pesewa = 1 penny
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