Connect with us

Hi, what are you looking for?

Business

Ghana’s currency after independence

Ghana’s currency after independence

Under Colonial rule, the currency in use in the Gold Coast was the British West African Pound, shillings and pence which was also in use in Nigeria, Sierra Leone and the Gambia.On 6 March 1957, Ghana gained it’s Independence and on 14 July, 1958 ,Dr Nkrumah, the Prime Minister introduced the Ghana Pound, shillings and pence as our new currency to replace the British West African Pound.
So the Ghana Pound, shillings and pence were introduced by Dr Nkrumah on 14 July 1958

On 19 July 1965 President Nkrumah introduced the Cedi notes and Pesewa coins as our new currency to replace the Ghana Pound, shillings and pence that he introduced in 1958.The Minister of Finance who in 1965 worked with President Nkrumah to introduce the Cedi notes and Pesewa coins was Kwesi Amoako Atta.The Governor of Bank of Ghana who worked with them and signed the Cedi notes was our pioneer Ghanaian Governor of Bank of Ghana,William Marmon Quao (WMQ) Halm.

Source: Augustina Quayson

Click to comment

Leave a Reply

You May Also Like

Video

Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.   

Video

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.

News

Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

News

Why GCPC used address of Ayine’s firm at a point – Legal Practitioner Explains Legal practitioner Edudzi Kudzo Tameklo • GPGC recently won a...

Copyright © 2021, Africaneditors.com developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: