Business News of Friday, 3 March 2017
The Bank of Ghana (BoG) has unveiled a commemorative GHc 5 bank note to celebrate the financial sector regulator’s 60th anniversary, an anniversary which coincides with Ghana’s 60 years of independence.
The note, which which becomes a legal tender tommorrow 4th March, 2107, comes with a new exciting shine when tilted.
According to officials of the Bank of Ghana, the note has already been distributed across the country but will be in circulation from Tuesday, March 7, 2017.
The new five cedi note, compared to the existing one, is smaller in size for easy handling, according to BOG officials. It also contains a host of modern security and informational features.
The new bank note displays an engraved portrait of Dr. James Kwegyir Aggrey, the famous educationist, missionary and teacher.
‘Both notes will circulate simultaneously and the old note remains equally valid as the currency’ Governor of BoG, Dr. Abdul Nashiru Issahaku noted
Security Features include
When the note is tilted, the Black Star motif makes an up and down pulsing motion while the white figure 5 on the ribbon stays still.
The portrait of Dr. Aggrey is visible from both sides when the banknote is viewed towards light. Under this portrait is a watermarke highlight of the figure 5.
Tactile marks to assist the visually impaired.
Detect the intaglio relief by touching.
Optically Variable Ink
The color of the denomination figure Ghc 5 at the top left changes from green to blue when the banknote is tilted.
Detect the intaglio relief by touching
Readable by a mobile phone app, which leads to a special Bank of Ghana website that explains the details of the national banknotes.
Becomes apparent when the banknote is tilted.