BusinessNews & Trending
Trending
BoG on “useless escaped”… waste a huge amount on upgrades of GH¢1 coin enhanced security features
BoG on "useless escaped"... waste a huge amount on upgrades of GH¢1 coin enhanced security features
The Bank of Ghana (BoG) has announced an upgrade on the GH¢1 coin with enhanced security features.
A statement from the BoG said it will issue the upgraded GH¢1 coin into circulation from Monday,12th December 2022.
The coin, according to the Central Bank, is similar to the existing GH¢1 coin in shape, form, and images; the Coat of Arms in front and the Scale of Justice at the back.
The BoG added that the upgraded coin is bi-metallic, with outer gold and inner silver.
The upgraded coin has a pronounced rough edge and incorporates a latent image, which appears in a rectangular form below the Scale of Justice at the back.
“The latent image changes from a radiating star to a One Ghana cedi symbol sandwiched between two stars when tilted,” the statement added.
The Central Bank stated that the existing and the upgradedGH¢1 coins will co-circulate until the existing coin is gradually withdrawn. The Bank encourages the public to accept the coins and use them.
