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5 cedis 1967

Africa › Ghana
P-11a1967Bank of GhanaUNC
5 cedis 1967 from Ghana, P-11a (1967) — image 1
5 cedis 1967 from Ghana, P-11a (1967) — image 2

Market Prices

5 sales
Catalogue (2019)
VF$17.5
UNC$60
VF$19.82023-11-08(7 bids)
F$11.052018-10-27(7 bids)
AUNC$902018-06-24(28 bids)
VG$3.82015-12-30(7 bids)
F$19.012015-04-25(18 bids)

About This Note

This is an exceptionally well-preserved example of Ghana's 1967 5 cedis banknote (Pick P-11a), graded UNC, featuring the Bank of Ghana's iconic wildlife and cultural imagery. The note displays vibrant multicolored printing with a beige/tan base, crisp engraving throughout, and zero signs of circulation—sharp corners, pristine surfaces, and excellent color saturation make this a desirable specimen for collectors. The detailed bird and animal carvings, combined with the Governor A. Amamoo signature and 23 February 1967 issue date, represent early post-independence Ghanaian currency design at its finest.

Rarity

Common. This is a regular-issue banknote with no indication of limited print runs or early recall. eBay market data shows consistent trading activity across multiple condition grades, with UNC examples selling for approximately $60 (2019 catalog value) and AUNC examples reaching $90—prices consistent with common circulation-era banknotes. The existence of multiple cataloged variants (P-11a, P-11b, P-11s) further suggests substantial production volumes. While desirable to collectors for its cultural design and early post-independence significance, the note is readily available in the numismatic market.

Historical Context

Issued just a decade after Ghana's independence in 1957, this 1967 5 cedis note reflects the young nation's emphasis on indigenous cultural heritage and wildlife. The front features an eagle in flight alongside decorative geometric patterns inspired by traditional Ghanaian art, while the reverse showcases a guinea fowl and porcupine—animals native to the West African region. Bank of Ghana Governor A. Amamoo's signature on the note represents the institution's authority during a pivotal period of national monetary consolidation under President Kwame Nkrumah's administration.

Design

The obverse features a dark brown on multicolored underprint design centered on a large white circular field containing the Bank of Ghana five-pointed star emblem. The dominant motif is a detailed engraving of an African fish eagle (or similar bird of prey) in flight on the right side, rendered with elaborate feather work and fine cross-hatching. A decorative geometric collar or ornamental necklace design occupies the center oval. The reverse showcases two wildlife engravings: a guinea fowl (speckled bird) on the left and a porcupine or similar spined animal on the right, both rendered in fine line work with detailed cross-hatching and stippling. Denomination numerals '5' and text 'Five Cedis' appear in all four corners. The overall color palette includes beige, cream, tan, brown, green, blue, pink, orange, and yellow, creating a harmonious and culturally distinctive appearance representative of Ghana's natural heritage.

Inscriptions

Front side: 'BANK OF GHANA' (top and bottom); '5' and 'Five Cedis' (denomination); 'THIS NOTE IS ISSUED ON STATUTORY AUTHORITY AND IS LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT' (legal tender clause); 'A. Amamoo' and 'GOVERNOR' (signatory and title); '23RD FEB 1967' (issue date); 'F657789' (serial number, appears twice). Back side: 'BANK OF GHANA' (top and bottom); '5' and 'Five Cedis' (denomination). All inscriptions are in English.

Printing Technique

Intaglio/engraving process, evidenced by the intricate line work, detailed cross-hatching, fine stippling, and three-dimensional quality of the imagery throughout both sides. The precision of the geometric patterns, serial numbers, and portrait engraving indicates professional security printing typical of Bank of Ghana currency from this era. The PMG population report notes a TDLR printer variant (P-11s), indicating De La Rue as a likely security printer for this issue, though the specific variant of this example would require additional verification.

Varieties

This example is identified as Pick P-11a based on catalog data. Known varieties for this base Pick number include P-11b and P-11s (TDLR printer variant). The observed specimen bears the signature of Governor A. Amamoo and carries the issue date of 23 February 1967, consistent with the P-11a classification. The serial number prefix 'F' and sequential numbering (F657789) are typical of 1967 issue batches. No overprints or anomalies are evident in the visual analysis.