2 Cedis Madonna with Child

Ghana's "Madonna with Child" issues are part of a broader push by African mints and issuing authorities to capture the European devotional collectibles market — a segment that has expanded sharply since the mid-2010s. These pieces are struck for collector sale rather than circulation, with aluminium brass providing a cost-effective substrate for heavy gold plating at a weight that satisfies heft expectations without precious-metal pricing.

The Bank of Ghana has licensed its name to several such series produced outside the country entirely, typically through European minting houses.