5-Cedis Commemorative Note: Most Advanced Security-featured Banknote – BOG

Lorlornyofm
By Lorlornyofm April 12, 2017 15:55

5-Cedis Commemorative Note: Most Advanced Security-featured Banknote – BOG

The Bank of Ghana (BOG) says the recently printed five-Ghana cedis commemorative note has the most advanced security features in the country, and is highly rated worldwide.

The Central Bank released the commemorative note this year to celebrate its 60 years of existence, which also coincided with Ghana’s 60th Anniversary celebration.

Since its release, the public has developed lukewarm attitude towards its usage as a legal tender. While some people have questioned the rationale behind the printing of a commemorative note, others have referred to some of its security features as Marks of the Beast.

But at a sensitisation workshop in Hohoe Tuesday to further explain the motive and security features on the new note, officials of BOG said the printing of the commemorative note was significant in the annals of the country and the Bank as a regulator, and an improvement over the existing ones.

Addressing participants drawn from financial institutions, recognised business entities, security services and the media, an Advisor at BOG, Ms Catherine Ashiley said the new banknote should be revered by Ghanaians as “collectors item” adding to the history of the country.

“We haven’t done anything out of the ordinary. Canada has just issued a 10-Dollar note to commemorate their 150th Anniversary as a Confederation of States. Nigeria issued a centenary note in 2014. Some other countries have done same. We’ve received a lot of commendation from other countries because they like the note,” she said.

Ms Ashiley described as unfortunate the negative press the issuance of the notes has received.

She said the commemorative notes are limited edition notes which would not be printed again.

 

The Bank of Ghana says security features on the new note makes it extremely difficult for counterfeiters to duplicate.

Prominent among the features are; a security thread, which when the note is tilted, the black star motif makes an up and down pulsing motion, while the white figure 5 on the ribbon stays still.

Other features include: tactile marks to assist the visually impaired; an intaglio portrait of Dr. James Kwegyir Aggrey which feels rough; watermark which has the portrait of Dr. Aggrey, but only becomes visible when viewed towards light.

It has the inscription: “Celebrating 60 years of central banking in Ghana 1957 – 2017.

The back of the note also has an iridescent band, which becomes apparent when the banknote is tilted.

Story by Isaac Kwesi Mintah

Lorlornyofm
By Lorlornyofm April 12, 2017 15:55
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

Your e-mail address will not be published.
Required fields are marked*

*