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Researching ‘old’ as well as ‘new’ kinds of money in West Africa

Documents from 1931-33Sophie Mew, Project Curator, Money in Africa

I’ve been working on the Money in Africa research project to understand how coin and note currencies were introduced to the coastal regions of Africa and how their usage had spread widely by the close of the nineteenth century.

With two former British West African colonies, the Gold Coast (what is now known as Ghana) and Sierra Leone (one of the earliest British settlements on the coast), most of my research so far has been carried out at the National Archives in London, in Accra (Ghana) and in Freetown (Sierra Leone). In each place, I’ve consulted documents relating to a wide range of accounts about currencies. These included, for example, colonial despatches written by the governors of Sierra Leone and the Gold Coast and sent to the Secretaries of State in London; records that were created by and filed in the Treasury department in London, as well as diaries from merchants trading to West Africa.

Documents from the 1930s

Documents from 1931-33, PRAAD records

One of my early finds was a series of detailed instructions for traders on an expedition to the west coast of Africa in 1796. The Governor of Freetown at the time requested that the traders gather as much information as possible to understand what it was that locals preferred to trade with, at each stage, and at what value. At the National Archives in Ghana in June 2012, I found a series of similar despatches that were distributed to District Officers in 1944. Questions related to coins and notes and what they were used for, as they sought to gather information on the preferences of “the man on the street”. Responses suggested, for example, that people who could read preferred notes while labourers preferred coins. The 1/10th shilling was used as a counter for gambling in Obuasi, and notes could be inconvenient: the “average cloth wearing African was used to carrying his money tied up in a corner of his cloth with the result that notes became crumpled and torn, got wet and became pulp.”

Inside the Sierra Leone National Archives at Fourah Bay College,

Inside the Sierra Leone National Archives at Fourah Bay College,

I took my first trip to Sierra Leone in January 2013 where I researched the holdings of the branch of the National Archives, located on the University Campus (Fourah Bay College, founded in 1827, is the oldest university in West Africa). At the top of a treacherously steep hill overlooking the city, I consulted lists of annual stipends that the British colonial government paid to local chiefs in exchange for leasing their land, and trawled through records of fines and fees paid to the colonial police to find out what currencies people were using and when.

In conjunction with my archival research for the Money in Africa project, I was also seeking information about the use of mobile money in Sierra Leone as part of a redisplay of an exhibition panel in the Citi Money Gallery. This display panel addresses the future of money and new technologies, and is updated every six months to showcase new studies.

As I questioned members of the public in Freetown, friends I had made, and staff members of mobile money companies, I understood the wariness that people have in trusting new kinds of money and the difficulties with trying out alternative systems. What I found fascinating here was that similar justifications for the practicality of using new coins and banknotes in the nineteenth century were being repeated to me within the contexts of mobile money in Sierra Leone today.

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Find out more about the Money in Africa project

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  1. shubhajit says:

    While reading this I remember medieval Arab king Muhammed bin Tughlaq who introduced gold coins in colossal number in India, and it was the chief reason of falling of his empire. earlier days people actually like coins rather than notes. it was not only in Africa but also in many parts of the world.

    I like your story, hope to read some more interesting thing on coins.

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The first coin issued with the dollar denomination was not in the USA, but in West Africa by the British Sierra Leone company in 1791.
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#history #money #coins #coin #fact ‪#‎DefiningBeauty opens in one month! Look out for our highlight #FridayFigure each week. 
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