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10 Pesewas
| Issuer | Bank of Ghana |
|---|---|
| Year | 2007-2016 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 3.4 g |
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| Obverse description | The arms of Ghana displayed centrally in the field, depicting a quartered shield supported by two eagles with wings displayed, the shield bearing national symbols including a sword and a linguist's staff, a castle, and wavy lines representing the sea. A five-pointed star surmounts the shield above the supporters. The motto ribbon below the shield bears the legend FREEDOM AND JUSTICE in two arcs with AND centred beneath. The country name GHANA arcs along the upper periphery, and the date 2007 appears in the lower field below the arms. |
|---|---|
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| Reverse description | Log in to see details |
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| Reverse lettering | 10 PESEWAS |
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| Additional information |
Ghana redenominated its currency in July 2007, replacing the old cedi at a rate of 10,000:1 — meaning this coin's face value was equivalent to 100,000 of the previous cedi notes that had been circulating just months before. The redenomination was driven by chronic inflation that had reduced the old cedi to near-worthlessness for large transactions, forcing Ghanaians to carry bricks of banknotes for routine purchases.
The nickel-plated steel composition was chosen partly on cost grounds, a practical concession given Ghana's commodity-export economy remained vulnerable to external shocks throughout the series' production window.