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1 Cedi
| Issuer | Bank of Ghana |
|---|---|
| Year | 1979-1982 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANK OF GHANA THIS NOTE IS ISSUED ON STATUTORY AUTHORITY AND IS LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT ONE CEDI 1 |
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| Reverse lettering | BANK OF GHANA ONE CEDI 1 |
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| Comments |
Ghana's 1 Cedi went through persistent devaluation pressure during this period, with the official exchange rate bearing little resemblance to what the note could actually buy on the street. By the early 1980s, inflation had made the denomination nearly worthless in real terms, and the government's reluctance to rebase the currency created a situation where enormous quantities of low-denomination notes were printed and cycled through rapidly.
Thomas De La Rue retained the Ghana contract through multiple administrations — a consistency unusual given the political turbulence of the era, which included Rawlings' first coup in June 1979.