Home / Business / Upgrade of Ghana Cedi have political influence – the Public

Upgrade of Ghana Cedi have political influence – the Public

 

Cross section of the Public have been sharing their views on the upgrade of the Ghana Cedi with In Him is Life Radio.

While some say is good since it will reduce counterfeit in the system others said the upgrade have political influence.

The Bank of Ghana says it will start circulation of upgraded cedi notes on May 6. According to a statement by the Central bank the exercise is meant to strengthen the currency against faking.

The new notes Bog again explained 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 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.

According to the BoG the existing series of banknotes will co-circulate.

 

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