She’s an individual, Rebecca Naa Dedei Aryeetey.īorn in 1923, Aryeetey made her fortune in the flour business. Some call her “the market woman,” but that’s a misconception-she isn’t an archetype or Ghanaian every woman. The fifty-pesewa coin bears the face of a woman. Ghana’s currency is a bit more feminist than that of the United States, which still has no women on its most common notes and coins. The five-pesewa coin has a picture of a horn blower, which was a ceremonial role for the introduction of chiefs. Other pictures on the coins include scales symbolizing justice and a book symbolizing education. Cocoa is a major export of Ghana, making it an important part of Ghana’s economy-as well as a tasty product for the rest of the world to appreciate. The twenty-pesewa coin has a picture of cocoa beans on it. Each denomination is a different color, making it easy to pick out the bill you need. The backs of the cedi bills depict important landmarks, such as the Akosombo Dam, which provides electricity to the nation, and the University of Ghana. Many of the Big Six were involved in the pan-African independence movement as well. It was the first West African nation to do so. It took nine more years of work before Ghana gained its independence in 1957-becoming the Republic of Ghana. These six men were arrested by colonial authorities for speaking out against the British colonial government in 1948. Edward Akufo-Addo, who was a chief justice, a president, and the father of the current president, Nana Addo Dankwa Akufo-Addo.Kwame Nkrumah, who became Ghana’s first president.Ghanaians consider them their founding fathers. These are six leaders of the United Gold Coast Convention, a political party in the era when Ghana was a British colony. The one-, ten-, twenty-, and fifty-cedi bills all picture the same group known as the “ Big Six.” The frequent changes in the cedi make it a goldmine for collectors: the Ghanaian pound, first cedi, and new cedi are all out of circulation and interesting to collect. Only recently does it seem to have stabilized. However, in the years since, it’s continued to lose value. This made it worth about the same as an American dollar. In 2007, the government introduced the “third cedi.” which was worth 10,000 of the old cedis. People had to carry their bills around in sacks! Initially, it was worth one half of a British pound, but over decades it became so devalued that it was worth about a hundredth of an American cent. In 1967, the government adopted the new cedi. In 1965 this was replaced by the first cedi, which was divided into one hundred pesewas. Ghana’s first currency after gaining independence was the Ghanaian pound. A few of the early coins bore a picture of a cowry shell. This was the name chosen for the new currency when the nation of Ghana moved away from the Ghanaian pound. Cowries continued to circulate as currency as late as 1901. Native to the Indian ocean, the shells arrived in the area in the 14th century. The Cedi Is Named for a Shellīefore the region was controlled by the British Empire, a major currency in Ghana was the cowry shell. If you’re traveling to Ghana, plan on sending money home, or just want to know more, read on.
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