BoG Upgrades GH¢1 Coin –

 

The Bank of Ghana (BoG) says it has upgraded the GH¢1 coin with some enhanced security features.

In a statement issued by the Central Bank on December 6, 2022, to announce it, the bank said the coins are expected to be in circulation from Monday, December 12, 2022.

It pointed out that 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.

“The upgraded GH¢1 coin is bi-metallic with an outer gold and inner silver. The 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 BoG noted.

“The latent image changes from a radiating star to a One Ghana cedi symbol sandwiched between two stars when tilted,” the statement added.

Meanwhile, the Central Bank said existing and upgraded GH¢1 coins will co-circulate until the existing coin is gradually withdrawn from the public domain.

The BoG however called on the public to accept the coins and use them for transactions.

By Vincent Kubi