Bank of Ghana to introduce upgraded banknotes
Bank of Ghana to introduce upgraded banknotes

The Bank of Ghana has released a clearer version of the upgraded cedi notes due to start circulation on May 6.

The notes were signed by the Governor of the Bank of Ghana, Dr Ernest Addison, on March 4 and now due to be released into the market next month.

The exercise is meant to strengthen the currency against faking, the central bank said in an April 8, 2019 press statement

Cedis
Cedis
The BoG in the statement announcing the new notes explained that the new notes have enhanced security features in line with evolving changes in the technological landscape

The new enhanced security features are an optically variable magnetic image (SPARK LIVE), a new enhanced security thread (RAPID), a more prominent watermark and an enhanced iridescent band at the back of the banknote.

The upgraded and the existing series of banknotes will co-circulate, according to the BoG.

The BOG also disclosed that 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.

Source: Graphic.com.gh

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