The program, dubbed, “Information Security Awareness Program” is spearheaded by the Head of Currency Management Department, Edward Musey.

Edward Musey at a media encounter in Tamale, said there was no extra cost in printing the new Ghc5 bank notes.

He posited that, it was a tactical decision approved by management following the nation’s financial institutions’ incessant request.

According to him, the new GHc 5 note, which is to serve as supplementary bank notes, is the most widely circulated and preferred currency demanded at the counter.

Edward Musey gave the assurance that the new banknote will be accessible to customers at the various financial institutions.

He said both old and new currencies will be in circulation until the mutilated old ones are replaced, and explained that the size of the new currency is in line with international monetary standards.

The Central Bank’s Director of Communication’s, Bernard Otabil, and other technocrats, responded to questions from the participants.

They however kept the participants in suspense regarding disclosure of the exact amount spent on printing the new currency.

The Bank of Ghana under the watch of the immediate past Governor, Dr. Nashiru Issahaku, unveiled the commemorative GHc5 bank note to celebrate the bank’s 60th anniversary.

It became a legal tender two days ahead of the nation’s 60^th Anniversary celebration.

The new five cedis note has a foreign outlook and it contains a host of modern security and informational features.

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By: Abdul Karim Naatogmah/citifmonline.com/Ghana

The post BoG justifies printing of new GHc 5 bank note appeared first on Citi 97.3 FM - Relevant Radio. Always.

The note, which comes with a new pulsating shine when tilted, has already been distributed across the country and will be circulated by next week Tuesday, March 7, 2017.

Speaking during the outdooring ceremony in Accra to explain the features of the new note, a member of the Currency Department of the Bank of Ghana, Mr. Dominic Owusu, stated that the currency will be used alongside the old GHc 5 note.

The BoG has said the decision to issue the new note is to climax the celebration of the central bank’s 60th anniversary, which will take place in August 2017.

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

The new note features an engraved portrait of Dr. James Kwegyir Aggrey, a missionary and a teacher in the Gold Coast, who lived from October 18, 1875 to July 30, 1927. Dr. James Kwegyir Aggrey contributed immensely to education to the then Gold Coast.

The portrait is visible from both sides of the note when it is held towards light. The note also has tactile markings to assist the visually impaired along with an intaglio portrait.

The colour of the GHc 5 figure at the top left of the note, changes colour from green to blue when the note is tilted, as an additional feature

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By: Lawrence Segbefia/citifmonline.com/Ghana

The post New GHc5 note becomes legal tomorrow, circulation on March 7 appeared first on Citi 97.3 FM - Relevant Radio. Always.