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500 Cedis
| Issuer | Bank of Ghana |
|---|---|
| Year | 1996-1998 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Two Adowa drums depicted face-on in the centre of the field, their crossed sticks forming an X beneath the drum heads, rendered in high relief with decorative detailing on the drum bodies. The legend GHANA arcs along the upper periphery, while the motto FREEDOM AND JUSTICE curves along the lower periphery, all in Latin script. The entire design is enclosed within a beaded border. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | GHANA FREEDOM AND JUSTICE |
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| Additional information |
Ghana's 500 Cedis denomination was introduced in the mid-1990s as the cedi had lost catastrophic purchasing power since the 1970s — by 1996, inflation had so eroded the currency that a coin worth 500 units represented a fraction of a dollar in real terms. The denomination itself is a symptom of that devaluation spiral rather than a mark of high value.
Ghana would eventually redenominate in 2007, replacing 10,000 old cedis with one new Ghana cedi, rendering this entire coin series obsolete within a decade of issue.