Author Topic: Ghana's modern coinage  (Read 784 times)

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Offline <k>

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Ghana's modern coinage
« on: May 02, 2018, 07:21:37 PM »
From Wikipedia:

Ghana, officially the Republic of Ghana, is a unitary presidential constitutional democracy, located in West Africa. Spanning a land mass of 238,535 km2 (92,099 sq mi), Ghana has a population of around 28 million. Ghana means "Warrior King" in the Soninke language.

The first permanent state in the territory of present-day Ghana dates back to the 11th century. Numerous kingdoms and empires emerged over the centuries, of which the most powerful was the Kingdom of Ashanti. Beginning in the 15th century, numerous European powers contested the area for trading rights, with the British ultimately establishing control of the coast by the late 19th century. Following over a century of native resistance, Ghana's current borders were established by the 1900s as the British Gold Coast.

Offline <k>

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Re: Ghana's modern coinage
« Reply #1 on: May 02, 2018, 07:24:25 PM »
Ghana was the first of Britain's African colonies to become independent, on 6 March 1957. On 1 July 1960 it was declared a republic.

Below are maps of Ghana and West Africa.

Offline <k>

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Re: Ghana's modern coinage
« Reply #2 on: May 02, 2018, 07:26:13 PM »
From Wikipedia:

The national flag of Ghana consists of the Pan-African colours of red, yellow, and green, in horizontal stripes, with a black five-pointed star in the centre of the gold stripe.

The red represents the blood of those who died in the country's struggle for independence from Britain, the gold represents the mineral wealth of the country, the green symbolises the country's rich forests and natural wealth, and the black star is the symbol of African emancipation. The black star was adopted from the flag of the Black Star Line, a shipping line incorporated by Marcus Garvey that operated from 1919 to 1922.

Offline <k>

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Re: Ghana's modern coinage
« Reply #3 on: May 02, 2018, 07:28:01 PM »
Ghana's coat of arms.

The first quarter, on the upper left shows a sword used by chiefs, and a staff, used by the linguist (known as an okyeame in Akan), at ceremonies. It is a symbol for the traditional authority of Ghana.

The second quarter shows a representation of Osu Castle on the sea, the presidential palace on the Gulf of Guinea, symbolizes the national government.

The third quarter of the shield shows a cacao tree, which embodies the agricultural wealth of Ghana.

The fourth quarter shows a gold mine, which stands for the richness of industrial minerals and natural resources in Ghana.

A gold lion centred on a green St George's Cross with gold fimbriation on the field of blue, represents the continuing link between Ghana and the Commonwealth of Nations.

The crest is a Black star of Africa with gold outline, upon a torse in the national colours.

Supporting the shield are two golden Tawny eagles, with the Order of the Star of Ghana suspended from their necks.

The compartment upon which the supporters stand is composed of a grassy field, under which a scroll bears the national motto of Ghana: Freedom and Justice.

Offline <k>

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Re: Ghana's modern coinage
« Reply #4 on: May 02, 2018, 07:33:11 PM »
Until 1958, Ghana used the British West African pound. It introduced the Ghanaian pound in 1958. The common obverse of its first coinage  carried a portrait of Kwame Nkrumah, the first prime minister and then president of Ghana. The portrait was the work of British artist Paul Vincze, and the coins were produced by the Royal Mint, UK.

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Re: Ghana's modern coinage
« Reply #5 on: May 02, 2018, 07:35:51 PM »
The common reverse of the coins featured a star.

Offline <k>

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Re: Ghana's modern coinage
« Reply #6 on: May 02, 2018, 07:36:38 PM »
The three pence was made of copper-nickel and scalloped.

Offline <k>

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Re: Ghana's modern coinage
« Reply #7 on: May 02, 2018, 07:38:09 PM »
The round shilling, two shillings, and the six pence were also made of copper-nickel.

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Re: Ghana's modern coinage
« Reply #8 on: May 02, 2018, 07:39:18 PM »
Those were all circulation coins, but the large copper-nickel 10 shillings coin was struck for collectors only.

The Latin inscription translates as "Founder of the Ghanaian state".

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Re: Ghana's modern coinage
« Reply #9 on: May 02, 2018, 07:46:20 PM »



Cecil Thomas designed the portrait of President Kwame Nkrumah that appeared on Ghana's gold two pounds coin of 1960, which commemorated Independence Day. His initials appear at bottom left.

 
« Last Edit: March 28, 2019, 11:25:27 AM by <k> »

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Re: Ghana's modern coinage
« Reply #11 on: May 02, 2018, 08:05:13 PM »
In 1965 Ghana abandoned the pound an adopted a decimal system. The African name Cedi (1965-1967) was introduced. President Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The cedi was equivalent to eight shillings and four pence (8s 4d), therefore 1 pesewa was equal to one pre-decimal penny. The new coinage bore the portrait of the President, which was designed by Cecil Thomas.

Below you see the lowest denomination of 1965, 5 pesewas.

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Re: Ghana's modern coinage
« Reply #12 on: May 02, 2018, 08:06:27 PM »
The 10, 25 and 50 pesewa coins were round and made of copper-nickel.

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Re: Ghana's modern coinage
« Reply #13 on: May 02, 2018, 08:07:21 PM »
The 25 pesewa coin.

Offline <k>

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Re: Ghana's modern coinage
« Reply #14 on: May 02, 2018, 08:10:34 PM »
From Wikipedia:

In February 1966, while Nkrumah was on a state visit to North Vietnam and China, his government was overthrown in a violent coup d'état led by the national military and police forces, with backing from the civil service. The conspirators, led by Joseph Arthur Ankrah, named themselves the National Liberation Council and ruled as a military government for three years.



Nkrumah had considered himself a socialist and was orienting Ghana towards the Soviet Union and other communist countries. The military government now began to reorient Ghana and its economy towards the West.