Bank of Ghana, BoG to circulate enhanced Cedi notes from today

The central bank of Ghana is said to start the circulation of the newly enhanced cedi notes from today 6th of May, 2019. The newly enhanced notes are 1o, 20 and 50 Ghana Cedis. According to the central bank both the old and the new notes would be used until the old ones are absorbed by the central bank. The central bank however disclosed that, dimensions of the various denominations and other principal and background images will still remain the same.
Here are some new security features on our new notes. Quickly check them out.
Optically Variable Magnetic Image (spark live) It is a shiny color-changing image of the cowrie shell on the Ghs10, star on the Ghs20 and cocoa pod on the Ghs50. When the note is tilted, a shiny line across the cowrie shell, star, and cocoa pod moves up and down. The color of the feature now changes from gold to green when tilted. On the newly enhanced notes there is an optically variable magnetic image (spark live), a new enhanced security thread (rapid), a more prominent watermark and an enhanced band at the back of the banknote.
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 the light.
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 the light.
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 the light. The denomination value can also be seen in the watermark area.

The Head of Corporate Affairs at the central bank of Ghana, Esi Hammond revealed it is in the right direction. She stated that “What is done elsewhere, you find that at about seven years there about, countries would change their bank notes. For example, if all their technological systems are changing then it means that the way they print notes are even different, and so we cannot stay back,” she also concluded that, It might end up being more expensive for us to stay the way it has been. As for counterfeit, every country suffers one way or the other, the extent might differ from country to country.” She noted

By Kelvin Mawunya Ashong. Facebook Twitter Instagram Youtube: Kelvin Mawunya Ashong, company: kam-links ltd,
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