Ghanaian pound

Ghanaian pound
Ghanaian pound
Obverse and reverse of 1 pound banknote	Obverse and reverse of 1 penny coin
Denominations
Subunit
1⁄240	penny
1⁄20	shilling
penny	pence
Banknotes	10 shillings;; 1, 5, 1 000 pounds
Coins	1⁄2, 1, 3 pence;; 1, 2 shillings
Demographics
Date of introduction	1958
Replaced	British West African pound (at par)
Date of withdrawal	1965
Replaced by	Ghanaian cedi (1 GHP = 2.40 GHC)
User(s)	Ghana
	This infobox shows the latest status before this currency was rendered obsolete.

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 cedis, i.e., 1 cedi = 100 pence.

Coins[]

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.

Ghanaian pound (Legal tender: 1958-65)
Image	Value	Description						Date of issue
Obverse & Reverse	Value	Obverse	Reverse	Metal	Weight	Diameter	Edge	Date of issue
	½ penny	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
	1 penny			Bronze	5.7 g	25.5 mm	Plain
	3 pence			Copper/Nickel	3.3 g	19.5 mm
	6 pence				2.2 g	16.5 mm
	1 shilling				4.5 g	21 mm	Reeded
	2 shillings				8.9 g	26.5 mm	Reeded

Banknotes[]

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.

Ghanaian pound (Legal tender: 1958-67)
Image	Value	Description		Years of issue
Obverse & Reverse	Value	Obverse	Reverse	Years of issue
	10 shillings	Bank of Ghana	Star	1958-1963
	1 pound		Cocao	1958-1962
	5 pounds		Cargo ships and logs	1958-1962
	1,000 pounds (Only used in Interbanking Transactions)		Art pattern	1958

References[]

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.

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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See also	Dinar Pound sign Pound (mass)

Ghanaian pound

Contents

Coins[]

Banknotes[]

See also[]

References[]

External links[]