Pesewa
Pesewa (abbreviation p ) has been the smallest official currency unit of the West African state of Ghana since 1965 . 100 pesewas make one cedi.
In 1965 the undecimal Ghanaian pound (1 pound = 20 shillings = 240 pence) was replaced by the decimal cedi (1 cedi = 100 pesewas). The exchange rate was tailored to the small coins: 1 pound = 2.4 cedis, and thus 1 penny = 1 pesewa. The old ½ penny and 1 penny coins could continue to circulate, and coins of 5, 10, 25 and 50 Pesewas were also issued.
During another currency reform in 1967, 1.2 old cedis were exchanged for 1 new cedi. Coins with a value of ½, 1, 2½, 5, 10 and 20 Pesewas were initially minted for this currency, and a 50 Pesewa coin was added later. As inflation increased in the 1980s, these coins became worthless.
In 2007 a new cedi was introduced in a ratio of 1: 10,000 to the old cedi. With this, the currency denomination pesewa reappeared, in the form of coins of 1, 5, 10, 20 and 50 pesewas.