20 Cedis

Ghana's 20 Cedi note has been part of the redenominated currency introduced in 2007, when the Bank of Ghana stripped four zeros from the old cedi to create the Ghana cedi — a move designed to restore confidence following years of inflationary erosion. The P#48 designation places this within the later polymer-adjacent cotton series, though De La Rue's involvement here predates the eventual shift some denominations made toward polymer substrate.

Thomas De La Rue has printed Ghanaian currency since independence-era issues, making this a long-standing commercial relationship rather than a recent procurement decision.