10 Cedis Fortress Bakhmut

Ghana's Bank of Ghana has no meaningful historical or geographic connection to Bakhmut, a city in Ukraine's Donetsk region that became the site of one of the most protracted and destructive urban battles of the Russo-Ukrainian War. The coin exists purely as a product of the secondary numismatic market — Ghana, like several other small-economy nations, licenses its sovereign mint authority to European bullion and collectibles dealers who select subjects with commercial appeal to collectors outside Ghana entirely.

Bakhmut fell to Russian forces in May 2023 after roughly ten months of grinding combat.