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Pesewa
The cedi ( ) (currency sign: GH₵; ISO 4217, currency code: GHS) is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas (Gp). After independence Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The new republic's first independent currency was the Ghanaian pound (1958–1965). In 1965, Ghana decided to leave the British colonialism, colonial monetary system and adopt the widely accepted decimal system. The African name Cedi (1965–1967) was introduced in place of the old £sd, British pound system. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, Shilling (British coin), shillings and pence. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. one hundred old pen ...
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Kwame Nkrumah
Kwame Nkrumah (born 21 September 190927 April 1972) was a Ghanaian politician, political theorist, and revolutionary. He was the first Prime Minister and President of Ghana, having led the Gold Coast to independence from Britain in 1957. An influential advocate of Pan-Africanism, Nkrumah was a founding member of the Organization of African Unity and winner of the Lenin Peace Prize from the Soviet Union in 1962. After twelve years abroad pursuing higher education, developing his political philosophy, and organizing with other diasporic pan-Africanists, Nkrumah returned to the Gold Coast to begin his political career as an advocate of national independence. He formed the Convention People's Party, which achieved rapid success through its unprecedented appeal to the common voter. He became Prime Minister in 1952 and retained the position when Ghana declared independence from Britain in 1957. In 1960, Ghanaians approved a new constitution and elected Nkrumah President. His admi ...
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