The pound was the currency of
Ghana between 1958 and 1965. It was subdivided into 20
shilling
The shilling is a historical coin, and the name of a unit of modern currency, currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 1 ...
s, each of 12
pence. Until 1958, Ghana used the
British West African pound
The pound was the currency of British West Africa, a group of British colonies, protectorates and mandate territories. It was equal to one pound sterling and was similarly subdivided into 20 shillings, each of 12 pence.
History
In the 19th ...
, 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
In 1958, Bronze coins were issued for d and 1d, along with cupro-nickel 3d and 6d, 1/– and 2/–. The 3d coin was scalloped in shape.
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.
See also
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Economy of Ghana
The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hy ...
References
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External links
{{Pound (currency)
Currencies of the Commonwealth of Nations
Currencies of Ghana
History of Ghana
Modern obsolete currencies
1958 establishments in Ghana
1965 disestablishments in Ghana
Pound (currency)