BOG yet to determine cost of printing upgraded Cedi notes

Must Read

The Bank of Ghana, BoG has stated that, it is yet to determine the estimated cost of the upgraded Cedi notes that will be introduced on May 6.

Head of Communications at the Bank of Ghana, Esi Hammond in an interview with Accra based Joy FM said the cost of the exercise is yet to be determined.
“…I wouldn’t know that what I’m concerned about at the moment is to bring to you the fact that we are going to bring to you something more durable that meets best practices at the moment. I don’t know how much it’s going to cost but in line with what we do we have to make sure we are giving you good notes in line with our good or clean note policy.”
The Central Bank has on April 8 announced that it will on May 6 introduced an upgraded Cedi notes; GHC10, GHC20 and GHC50 into circulation.
According to a press statement by the BoG, The upgraded Cedi notes will have enhanced security features in line with evolving changes in the technological landscape. The upgraded banknotes also come with improved durability and machine readability.
The enhanced security features include:
1. Optically Variable Magnetic Image (SPARK LIVE): It is a shiny colour-changing image of the cowrie shell on the GHC10, star on the GHC20 and cocoa pod on the GHC50. 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.

2. 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.

3. 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.

4. 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 the top to the bottom. It can be seen more clearly when the note is tilted against light.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Sarkodie’s disrespect for Stonebwoy caused the chaos – Ayisha Modi

Stonebwoy’s biggest fan, Ayisha Modi, has gone to the defence of the dancehall artiste as she claimed Sarkodie’s disrespect...

We agree we sound like EL’ – Dope Nation

Ghanaian music duo Dope Nation have admitted sounding like their colleague artiste, EL aka Elorm Adablah, with their style of singing. Speaking in an interview...

SPOTLIGHT: Meet Coverboy Kobby, one of Ghana’s Popular Celebrity Stylist

While we may adore celebrities and public figures for their sense of great fashion style and class, we sometimes forget to think about how...

I featured on Stonebwoy’s Album because he’s special – Keri Hilson

Keri Hilson has revealed that the reason for which she agreed to feature on Anloga Junction Album by Stonebwoy. According to the American songstress, she...

I have done everything humanly possible to have a child – Selly Galley

In Ghana, childbearing expectations remain high especially for young couples immediately they tie the knot. This is because children are seen as a means...
- Advertisement -

More Articles Like This

- Advertisement -