|Bank notes of Ghana
There is no doubt that certain things came to be associated with the portion of the earth we now call Ghana as a result of colonialism. One of such things has to do with the concept of currency, which is the system of money used in a country in the forms of notes and coins. We should note that our forebears knew the concept of money.
In colonial days our country used the British pounds and shillings. Later, the country had its own pounds and shillings and few years after it attained republican status on July 1, 1960, our first President, Dr Kwame Nkrumah, introduced pesewas and the cedi, which is the corrupted or anglicized version of side, the local name for cowrie, which was used as money in parts of Africa and Asia in the past. The cedi and have remained Ghana’s currency ever since under both civilian and military administrations until President John Agyekum Kufuor (2001 – 2009) changed the existing notes and coins as had been the case under various administrations but called his Ghana cedis and the pesewas Ghana pesewas.
The symbol for the old was ¢ and that of the pesewa p whereas the Kufuor era introduced GH¢ for Ghana cedi and GHp for pesewa. Thus, five Ghana cedis, for example, is written as GH¢5.00 or GH¢5 and five Ghana pesewas as GHp 5 or better as GH¢0.05 and five Ghana cedis and five pesewas as GH¢5.05. It must be note that in everyday transaction only the names ‘cedis’ and ‘pesewas’ are usually mentioned or used.
As part of our GH Heritage Month, the DAILY HERITAGE brings to our cherished readers Ghana’s currencies since colonial times and the symbols the coins and notes carry under the headings Cat # and Description as indicated below: