Politics

BoG to issue new GHS5,GHS30 *GHS100, and GHS200notes on March 4

The Second Deputy Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has disclosed that the central bank will unveil new banknote in five-cedi (GH¢5),thirty cedi(ghc30),one hundred(ghc100) as well as two hundred (ghc200) denominations.

According to him, the banknote will be legal tender as well as a collector’s item.

“The notes will have new durable security features which can be easily identified by the public as well as introduce other internationally acceptable security features which are sensitive to touch to aid the blind and visually challenged in identifying the banknotes,” he said at the 4th Edition of the AB & David Crystal Ball Africa 2017 in Accra.

Dr. Asiama explained that, the decision to issue the new notes is to climax the celebration of the central bank’s 60th anniversary which will take place in August 2017.

“You will recall nearly a decade ago, when the Bank of Ghana celebrated its golden jubilee with currency exhibitions and road shows across the country. Once again, on the 4th of March 2017, we shall be celebrating the 60th Anniversary of Central Banking in Ghana”, he said.

This is going to be the first time a new denomination will be issued under the tenure of the governor,Dr. Abdul Nashiru Issahaku.

By this, it is expected that the note will bear the signature of Dr. Issahaku who may voluntarily leave his position upon a good negotiation with the the new Nana Akufo-Addo government.

By: Lawrence Segbefia/citibusinessnews/Ghana

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