The Bank of Ghana (BoG) says it has successfully introduced into circulation the upgraded Ghana cedi notes.
“The Bank of Ghana has successfully introduced into circulation upgrades to the existing family of banknotes with effect from Monday, 6th May 2019,” a statement from BoG on Tuesday said.
The statement added, “These exclude the GH¢2.00 and GH¢5.00 notes, which were introduced as standalone commemorative banknotes. In line with international best practice, commemorative banknotes are not subject to upgrades.”
Parts of the improved features include:
- An optically variable magnetic image, also known as “SPARK LIVE.” The enhancement is a glossy, colour-changing image of the cowrie shell currently on the GH¢10. On the GH¢20 note, a shiny star will appear, and on GH¢50, a glistening cocoa pod. When the note is tilted, a high-polished line will stretch across each image that will move up and down and change colour from gold to green.
- A new security thread (RAPID) will be an illuminated broken line that runs horizontally through the note. When tilted, the star will expand and contract while the denomination value stays in place.
A more prominent watermark will appear. It will be the image of the Ghanaian agriculturalist Tetteh Quarshie and a cocoa pod. Against light, the watermark will appear transparently on both sides of the note.
- A polished gold band with gold bars on the back will be printed on the new banknotes. The iridescent band will stretch from top to bottom and will become visible when held against light.
But with all the changes, the following features will remain the same:
- The Big Six portrait
- Denominational colours
- Dimensions of the various denominations
- Other principal and background images
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
‘Let industry players play the game ‘ – AOMC boss slams political interference in oil sector
40 mins -
Let’s learn from ExxonMobil, high flyers must lead the way for mergers – AOMC Boss
47 mins -
‘So many regulations, yet corruption prevails’ – Dr Riverson Oppong on OMC oversaturation
1 hour -
At least 24 dead after two boats capsize off coast of Madagascar
2 hours -
Madina MP lauds White Chapel Youth Group for championing peace ahead of elections
2 hours -
Man United settle for draw at Ipswich Town in Amorim’s first game in charge
3 hours -
GPL 2024/2025: Prince Owusu screamer earns Medeama win over Young Apsotles
3 hours -
BBC visits mpox clinic as WHO says DR Congo cases ‘plateauing’
3 hours -
Burning old TVs to survive in Ghana: The toxic trade in e-waste
3 hours -
Perfume boss admitted he ignored Russia sanctions
3 hours -
Wicked proves popular as opening set to be biggest for Broadway film
3 hours -
Nominee for agriculture secretary completes Trump cabinet
4 hours -
ECG urges prepaid customers to top up to last one month ahead of system upgrade
4 hours -
Three more tourists named in Laos methanol deaths
4 hours -
Betway Africa offers a once-in-a-lifetime ‘Play-on-the-Pitch’ experience at Emirates Stadium
4 hours