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5 Cedis - Elizabeth II Mandala I

Issuer Bank of Ghana
Year 2020
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Technique Milled, Inlaid
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Obverse description The obverse features the fourth portrait of Queen Elizabeth II by Ian Rank-Broadley, depicting a right-facing diademed effigy of the Queen with finely detailed hair and neckline. Radiating lines emanate from the central portrait across the entire field, creating a sunburst effect that frames the effigy dramatically. An inner beaded border encircles the central design. The legend ELIZABETH II and 5 CEDIS are inscribed in the upper field, flanking the portrait, while REPUBLIC OF GHANA and the date 2020 appear in the lower field along with the fineness designation 1 OZ AG .999 and the Ghanaian coat of arms.
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Mintage 2020 - Prooflike - 333
Additional information

Ghana's 5 Cedis commemorative program has leaned heavily on collector markets since the 2010s, with the Bank of Ghana licensing designs through European minting intermediaries — this piece almost certainly produced by a private mint on contract rather than struck domestically. The Mandala I designation implies a numbered series, meaning subsequent releases were planned from the outset as a set-building exercise aimed squarely at the bullion collectibles market.

The 21 inset colored stones are a production detail worth noting: individually seated gemstones in struck silver require secondary hand-finishing after the pressing stage.

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