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Home Featured

Bank of Ghana upgrades one cedi coin

Mabel Boamah by Mabel Boamah
4 years ago
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Bank of Ghana upgrades one cedi coin
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The Bank of Ghana (BoG) has increased the security features of the GH₵1 coin.

“The Bank will issue the upgraded GH₵1 coin into circulation from Monday, December 12, 2022,” a statement from the central bank said.

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“The coin 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”, it added.

The upgraded GH1 coin is bimetallic, having an exterior gold and an inner silver layer, according to the announcement.

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Furthermore, the coin has a prominent rough edge and a latent image that emerges in a rectangular form below the Scale of Justice at the back.

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When tilted, the latent picture transforms from a radiating star to a One Ghana Cedi sign sandwiched between two stars.

“The existing and the upgraded GH₵1 coins will co-circulate until the existing coin is gradually withdrawn. The Bank encourages the public to accept the coins and use them”.

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SOURCE: myjoyonline

Mabel Boamah

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