5 Cedis The Hedgehog and Horse

Ghana's "Hedgehog and Horse" belongs to a broader wave of African-nation novelty silver issues produced almost entirely for the European collector market — Ghana itself having minimal numismatic tradition around such pieces. The coins are struck under licensing arrangements with European minting houses, with Ghana lending its sovereign authority to the issue in exchange for a fee rather than from any domestic monetary need.

KM#53 is cataloged but collector documentation on die varieties and actual mintage figures for this series remains inconsistent across major references.