BoG Upgrades Security Features Of GH₵1 Coin
The Central Bank of Ghana has enhanced the security features of the GH₵1 coin.
This was announced by the BoG in a statement on Tuesday, December 6, 2022.
The new coin, the Bank said, is similar to the existing GH₵1 coin in shape, form and images with the Coat of Arms in front and the Scale of Justice at the back.
The BoG notes that the upgraded GH₵1 coin will be issued for circulation from Monday, December 12, 2022.
“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 latent image changes from a radiating star to a One Ghana cedi symbol sandwiched between two stars when tilted. The existing and the upgraded GH₵1 coins will co-circulate until the existing coin is gradually withdrawn.”
The coin has a diameter of 26.00mm with a weight of 8.23g, is round in shape and has a serrated edge.
The Bank has urged the public to accept the coins and use them.
This comes as the GH₵1 and GH₵2 notes are being phased out the market.
In 2021, the BoG announced plans to cease circulation of the 1 and 2 Ghana Cedi notes, whereas their coin versions remain in circulation and in use.
The Bank cited the high cost of replacing defaced notes.
Source: opemsuo.com/Hajara Fuseini
