10 Cedis

Ghana's 1965 note issue followed the conversion from the pound system introduced at independence — the cedi replaced the Ghanaian pound in July 1965 at a rate of 2.4 cedis to the pound, itself a politically charged decimal reform under Nkrumah's government. De La Rue handled the printing, as they did for much of anglophone West Africa during this period, and the watermark construction on this series is straightforward by their standards.

Nkrumah was deposed in February 1966, and the new military government moved quickly to demonetize notes bearing his image — shrinking the window of legitimate circulation considerably.