Bank of Ghana to introduce redesigned GH¢50 note to combat counterfeiting
The Bank of Ghana says it will sometime this year introduce a redesigned GH¢50 to combat the activities of counterfeiters.
According to the governor, Mr. Akwasi Amissah-Arthur, even though the situation of counterfeiting of the country’s highest currency denomination is not alarming, the Bank is taking the step to move ahead of the fake currency printers.
The central bank introduced the features of the redesigned notes to journalists at an informal meeting at the Bank in Accra.
The redesigned note is in the same colour as the current one, but the hologram on the note will be replaced with a green cocoa pod. The colour of the cocoa pod will change from green to blue when the note is rotated, officials say. A video documentary was shown to the journalists to educate them on the features of the new note.
The redesigned note will still bear the images of the six political figures of Ghana known as the ‘Big Six’, the central bank said. It will also carry the photograph of the Osu Castle, the seat of government.
The Bank is not specific on when the note will come into circulation, but said, it would be in circulation before the year ends.
According to officials, the two notes – both new and old will be in circulation at the same time, but the old notes will be withdrawn after sometime.
By Emmanuel K. Dogbevi
Ignorance, not alarming, not smart words ha ha, waiting because it NDC stealing the money until it becomes very alarming. Shame to these leaders in Ghana. When will black people going to learn. That is why the cedi keep falling due to lots of cronnies counterfeiting transactions.