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One Ghana Cedi upgraded: Both Old, New Coins To Co-Circulate

Osumanu Al-Hassan by Osumanu Al-Hassan
December 8, 2022
in Business
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One Ghana Cedi upgraded: Both Old, New Coins To Co-Circulate
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The Bank of Ghana (BoG) has appealed to the general public to accept and use the upgraded One Ghana Cedi coin.

The BoG announced in a statement on Tuesday December 6 that it has upgraded the GHS 1 coin with an enhanced security features.

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The upgraded GHS1 coin into circulation from Monday 12 December 2022.

The coin is similar to the existing GHS 1 coin in shape, form and images, the coat of arms in front and the scale of justice at the back.

The upgraded GHS1 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 and sandwiched between two stars when tilted. The existing and the upgraded GHS1 coin will co-circulate until the existing coin is gradually withdrawn.

“The Bank encourages the public to accept the coins and use them,” the statement added.

Tags: Coins

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