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500 Cedis
| Issuer | Bank of Ghana |
|---|---|
| Year | 1996-1998 |
| Type | Log in to see details |
| Value | 500 Cedis (500 GHC) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Log in to see details |
| Technique | Log in to see details |
| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse script | Log in to see details |
| Reverse lettering | Log in to see details |
| Edge | Reeded |
| Mint | Log in to see details |
| Mintage | Log in to see details |
| 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.