{"id":606036,"date":"2019-04-08T13:08:08","date_gmt":"2019-04-08T13:08:08","guid":{"rendered":"
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Business News of Monday, 8 April 2019<\/p>\n

Source: <\/strong>3news.com <\/p>\n2019-04-08\n\n

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Business News of Monday, 8 April 2019<\/p>\n

Source: <\/strong>3news.com <\/p>\n

2019-04-08<\/p>\n

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\"CediThe denomination to be affected are the 10, 20 and 50 cedi notes<\/span><\/span><\/p>\n<\/div>\n

Newly printed cedi notes with security-enhanced features are set to be released by the Bank of Ghana (BoG) on May 6.<\/p>\n

The new 10, 20 and 50 cedi notes will come with what the central bank said is \u201cimproved durability and machine readability\u201d.<\/p>\n

It is unclear what triggered the move, but the BoG said in a statement issued on Monday, April 8 that the decision to upgrade the three cedi denominations with enhanced security features is to keep up with \u201cevolving technology\u201d.<\/p>\n

The principal design elements \u2013 denomination colours, dimension of the notes and background images among others- the central bank said, will remain unchanged in the newly enhanced cedi notes.<\/p>\n

\u201cThe upgraded and the existing series of banknotes will co-circulate,\u201d it said.<\/p>\n

<\/b>What\u2019s new?<\/p>\n

It said the three denominations will have optically variable magnetic image (spark live), enhanced security thread (Rapid), more prominent watermark, and enhanced iridescent band at the back of the notes.<\/p>\n

Optically Variable Magnetic Image (SPARK LIVE): It is a shiny colour-changing image of the cowrie shell on the GH?10, star on the GH?20 and cocoa pod on the GH?50. When the note is tilted, a shiny line across the cowrie shell, star, and cocoa pod moves up and down. The colour of the feature also changes from gold to green when tilted.<\/p>\n

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 light. When the note is tilted, a star expands and contracts while the denomination value stays still.<\/p>\n

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 light. The denomination value can also be seen in the watermark area.<\/p>\n