Ghanaian pound facts for kids

Quick facts for kids Ghanaian pound
Obverse and reverse of £1 banknote Obverse and reverse of 1d coin
User(s)	Ghana
Subunit
1⁄240	penny
1⁄20	shilling
Symbol	£
penny	d
shilling	s. or /–
Plural	pounds
penny	pence
shilling	shillings
Coins	1⁄2d, 1d, 3d, 6d, 1/–, 2/–
Banknotes	10/-, £1, £5, £1,000

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

In 1958, Bronze coins were issued for 1⁄2d 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
	1⁄2d	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

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

• Economy of Ghana