60 Years of Ghana's Coinage: From Shillings to Cedis, New Cedis, and now Ghana Cedis
2007: 1 Pesewa (1/100 of a Ghana Cedi)

Obverse:

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Reverse:

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Coin Details

Origin/Country: GHANA
Item Description: Copper-plated steel PESEWA 2007 KM37
Full Grade: NGC MS 65 RB
Owner: Harlan#2

Set Details

Custom Sets: 60 Years of Ghana's Coinage: From Shillings to Cedis, New Cedis, and now Ghana Cedis
Competitive Sets: This coin is not competing in any sets.
Research: NGC Coin Price Guide
NGC World Coin Census

Owner Comments:

In 2007, in response to decades of inflation, Ghana implemented a major currency reform. The era of the so-called New Cedi or Second Cedi came to an end. The currency unit was redefined as the "Ghana Cedi," equivalent to 10,000 of the previous Cedis. In the spring of 2019 I bought a lot containing 5 examples of this new series, raw, for $10. All graded out at MS66 or 67. And each one is currently Top Pop in the NGC census. A great deal for $10, no?

Here is an example of the smallest denomination coin in the Ghana Cedi series: the new Pesewa. It is equal to 1/100 of the new Ghana Cedi and hence to 10,000 of the old Pesewas. In today's Ghana, this coin has become very hard to find in circulation.

I bought this coin separately from the lot I mention above, raw, for $1.00 (plus $4.14 in s/h). The Adomi Bridge, built in 1957 over the Volta River and still the nation's longest bridge, is on the obverse. The reverse features the complete national Coat of Arms. This example currently shows as Top Pop in the NGC Census.

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