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 ã1 = âµ2.40, i.e., âµ1 = 100d.
In 1958, Bronze coins were issued for d and 1d, along with cupro-nickel 3d and 6d, 1/â and 2/âÂÂ. The 3d coin was scalloped in shape.
In 1958, banknotes were introduced in denominations of 10/âÂÂ, ã1 and ã5. The ã1 and ã5 notes were produced until 1962 and the 10/â note was produced until 1963.