I looked at the ImageTTFText() function help, and it precisely explains how to print an omega ! It says :
ImageTTFText($im, 20, 0, 10, 20, $white, "/path/arial.ttf", "Testing... Omega: Ω");
Ω is the UTF-8 code for omega.
As I'm under Win98, I had to adapt and experiment a bit. I found that this works :
ImageTTFText($im, 20, 0, 10, 20, $white, "c:/windows/fonts/cour.ttf", "Testing... Omega: Ω");
which prints in Courier New. It doesn't work with Arial on my system. With Symbol font, simply print a W:
ImageTTFText($im, 20, 0, 10, 20, $white, "c:/windows/fonts/symbol.ttf", "Testing... Omega: W");
of course, the whole string is now printed in greek (BTW, omega is greek, not roman).
If you're under Linux, I don't know if you'll have access to TTF fonts. Maybe you could simply get ttf files from a Windows system to make it work; I don't know if a specific library is needed to handle them.