There is a considerable overlap between the words, but a difference exists. An egoist is someone who is self-centred or selfish, often without realising it: He's a proper egoist, never thinking to enquire about the needs or wishes of anyone else. An egotist is an arrogant or conceited person, always talking about himself: She's a real egotist, always on about what she has done or is planning to do.
The stars stand for the two islands. Red recalls the struggle for independence. Yellow is said to represent the country's cocoa plantations. Effective date: 12 July 1975.