The Ghanaian Cedi has been the currency of Ghana since 1965, when it replaced the pre-decimal Ghanaian Pound.
Apart from the regular circulating coinage, the country has also authorised some foreign mints to issue commemorative and bullion coins under its jurisdiction. These are typically in standard ounce-based sizes, such as two troy ounces of silver (abbreviated as 2 oz Ag, where "Ag" comes from the Latin word for silver, Argentum). These coins are considered Non-Circulating Legal Tender (NCLT) and not bullion, because they are released at prices much higher than the intrinsic value of the precious metal they contain, and are targeted at collectors who appreciate them for their artistic value. |
