• June 25, 2022

Bank of Ghana set to introduce upgraded Ghana Cedi notes

The Bank of Ghana (BOG) will issue upgraded and security-enhance Cedi notes into circulation on May 6, 2019.

According to a Press Release by the BOG on Monday, April 8, the Cedi notes will have enhanced security features in line with evolving changes in the technological landscape.

The move is to also improve the durability and machine readability features of the currency notes.

However, both the upgraded and existing banknotes will co-circulate.

The BOG further disclosed the following principal design elements will remain unchanged in the upgraded banknotes; the Big Six portrait, denominational colours, dimensions of the various denominations and other principal and background images.

Enhanced Security Features

Optically Variable Magnetic Image (SPARK LIVE):It is a shiny colour-changing image of the cowrie shell on the GH₵10, star on the GH₵20 and cocoa pod on the GH₵50. When the note is tilted, a shiny line across the cowrie shell, star, and cocoa pod moves up and down. The colour of the feature also changes from gold to green when tilted.

New Enhanced Security Thread (RAPID): It is a shiny broken line with movement that runs through the banknote from top to bottom. It is continuous when viewed against light. When the note is tilted, a star expands and contracts while the denomination value stays still.

More Prominent Watermark: It is the image of Tetteh Quarshie with a cocoa pod which has been made more noticeable in the plain star area of the banknote. It becomes visible on both sides when viewed against light. The denomination value can also be seen in the watermark area.

Enhanced Iridescent Band at the Back of the Banknote: It is a golden band with gold bars at the back of the banknote that runs from top to bottom. It can be seen more clearly when the note is tilted against light.

The Bank of Ghana therefore advices the general public to know the Ghana Cedi and keep it clean.

By Edward Kyei Frimpong-MyBeepOnline


Leave a Comment

Your email address will not be published. Required fields are marked *

Notice: Undefined offset: 0 in /var/www/html/wp-content/plugins/cardoza-facebook-like-box/cardoza_facebook_like_box.php on line 924