Circulation of upgraded cedi notes begins today

The Bank of Ghana (BoG) is set to begin the circulation of its upgraded GHc10, GHc20 and GHc50 note today.

The Bank of Ghana says both the old and the new notes will be used concurrently until the old ones are phased out.

The new features on the new notes include a gold stripe, a watermark, a security thread and a colour changing spark live.

The cowrie shell on the GH₵10, the star on the GH₵20 and the cocoa pod on the GH₵50 will now have a shiny line in them which will move up and down when tilted, the Central Bank in a statement noted.

That feature is called Optically Variable Magnetic Image. Another new feature is the New Enhanced Security Thread.

It will be a shiny broken line with movement that runs through the banknote from top to bottom.

It is continuous when viewed against the light. When the note is tilted, a star expands and contracts while the denomination value stays still.

Also, the notes will have a more prominent watermark.

Per the upgrade, the image of Tetteh Quarshie with a cocoa pod would be more noticeable in the plain star area of the banknote. It becomes visible on both sides when viewed against the light.

There is also the Enhanced Iridescent Band at the back of the banknote: That is a golden band with gold bars at the back of the banknote that runs from top to bottom. It can be seen more clearly when the note is tilted against the light.

The Big Six portraits, denominational colours, of red for GHc1, yellow for GHc2, blue for GHc5, mauve for GHc20 and brown for GHc50 cedis will not change, the Central Bank in a statement said.

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