Bank of Ghana upgrades one cedi coin

The Bank of Ghana (BoG) has upgraded the GH₵1 coin with enhanced security features.

“The Bank will issue the upgraded GH₵1 coin into circulation from Monday, December 12, 2022,” a statement from the central bank said.

“The coin is similar to the existing GH₵1 coin in shape, form and images; the Coat of Arms in front and the Scale of Justice at the back”, it added.

According to the statement, the upgraded GH₵1 coin is bi-metallic with an outer gold and inner silver.

In addition, 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“The existing and the upgraded GH₵1 coins will co-circulate until the existing coin is gradually withdrawn.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 Bank encourages the public to accept the coins and use them”.

Source: Joy Business