All Ghana Cedi Notes From Independence to Date: LOVELY PICTURES NEVER SEEN

Ghana’s currency notes have evolved since independence and provide a great history of introducing notes into the Ghanaian economy and how they faded out under regimes and various leaderships.

Since the birth of the Ghanaian cedi, the currency has had this symbol: ₵.  Note that the Cedi symbol has just one diagonal stroke cutting through the C to differentiate it from the Chedi Kingdom with the symbol ₡. Today, the GH₵ has been replaced with GHS. Before the redenomination of the Cedi, the currency code was GHS.

The first cedi was introduced in 1965, replacing the pound at a rate of 2.4 cedi = 1 pound, or 1 pesewa = 1 penny. The first cedi was pegged to sterling at a rate of 2.4 cedis = £1, or 8s 4d per cedi.

Ghana notes, or notes for short, in this publication refer to paper money as commonly used.

Ghana started her currency with what was then called the Ghana pound, but over time, this was changed to the Ghana cedi to reflect the spirit and soul of the Ghanaian people and the newly independent African state.

Ghana’s March 6, 1957, independence won and declared by Dr. Kwame Nkrumah, aka Osagyefo, ushered Ghana into the Ghana Cedi era as far as money was concerned. The evolution of the Ghana cedi has brought countless notes and denominations coupled with devaluation, among others, all in an attempt to keep the cedi and the economy afloat for economic transactions.

First Cedi Series Era in Ghana

Ghana’s first cedi notes were introduced in 1965. The denominations introduced remained legal tender in Ghana until 1967. In all, Ghana introduced six (6) notes between 1965 and 1967. The notes were GHS1, GHS5, GHS10, GHS50, GHS100, and GHS1000.

The GHS1000 was reserved for only banks to be used for inter-bank transfers and transactions and not for ordinary everyday payments and transactions.

Second Cedi Series Era in Ghana

The Second Cedi Series Era In Ghana, we saw the introduction of new cedis in three series.

In 1967, Ghana introduced four new banknotes that faded out of those in circulation between 1965 and 1967.

Ghana introduced its first set of new notes between 1967 and 1979. The notes lasted for 12 years and were only GHS1, GHS5, and GHS10 notes.

READ: Dollar to Cedi Exchange Rate Galloping to $1 to GHS14.00

The second set of notes was introduced from 1972 to 1979. These new notes were four in number: GHS1, GHS2, GHS15, and GHS10.

In 1979, the third set of new Cedis under the second Cedi series era started. It saw the introduction of six new notes into the Ghanaian economy. Ghanaians now have to spend the new GHS1, GHS2, GHS5, GHS10, GHS20, and GHS50 notes. They remained legal tender until 2007.

The fourth set of notes in the series was introduced in 1983, which was the historic year of famine in Ghana. This time around, 11 notes were introduced. The notes introduced are GHS10, GHS20, GHS50, GHS100, GHS200, GHS500, GHS1000, GHS2000, and GHS1000.

Today the notes and coins in circulation are

However, you hardly see the GHS2.00 note and people rarely use the 1Gp, 5Gp, 10Gp coins