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50 Cedis

Issuer Bank of Ghana
Year 1979-1980
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In circulation to 12 February 1982
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Reverse lettering BANK OF GHANA FIFTY CEDIS 50
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Protection description Eagle head and star
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Comments

Ghana's 1979 currency reform was driven partly by the military government's attempt to combat rampant hoarding and black-market activity — the old notes were demonetized with minimal warning, leaving many citizens unable to convert savings held outside the banking system. The 50 Cedis represented a substantial denomination in that environment, where inflation was already eroding purchasing power sharply through the late 1970s.

Thomas De La Rue's production for Ghana during this period relied on relatively modest security — the watermark alone, with no security thread on this issue, reflects budget constraints rather than any lapse in De La Rue's own capabilities.

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