{"id":308088,"date":"2017-04-05T11:55:51","date_gmt":"2017-04-05T11:55:51","guid":{"rendered":"http:\/\/citifmonline.com\/?p=308088"},"modified":"2017-04-05T11:55:51","modified_gmt":"2017-04-05T11:55:51","slug":"bog-justifies-printing-of-new-ghc-5-bank-note","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/04\/bog-justifies-printing-of-new-ghc-5-bank-note\/","title":{"rendered":"BoG justifies printing of new GHc 5 bank note"},"content":{"rendered":"
The Bank of Ghana (BOG) is on a nationwide outreach program to educate Ghanaians about the security features on the new commemorative GHc 5 bank note in circulation.<\/p>\n
The program, dubbed, \u201cInformation Security Awareness Program\u201d is spearheaded by the Head of Currency Management Department, Edward Musey.<\/p>\n
Edward Musey at a media encounter in Tamale, said there was no extra cost in printing the new Ghc5 bank notes.<\/p>\n
<\/p>\n
He posited that, it was a tactical decision approved by management following the nation\u2019s financial institutions’ incessant request.<\/p>\n
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.<\/p>\n
Edward Musey gave the assurance that the new banknote will be accessible to customers at the various financial institutions.<\/p>\n
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.<\/p>\n
<\/p>\n
The Central Bank\u2019s Director of Communication\u2019s, Bernard Otabil, and other technocrats, responded to questions from the participants.<\/p>\n
They however kept the participants in suspense regarding disclosure of the exact amount spent on printing the new currency.<\/p>\n
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\u00a060th anniversary.<\/p>\n
It became a legal tender two days ahead of the nation\u2019s 60th<\/sup> Anniversary celebration.<\/p>\n The new five cedis note has a foreign outlook and it contains a host of modern security and informational features.<\/p>\n –<\/p>\n By: Abdul Karim Naatogmah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Bank of Ghana (BOG) is on a nationwide outreach program to educate Ghanaians about the security features on the new commemorative GHc 5 bank note in circulation. The program, dubbed, \u201cInformation Security Awareness Program\u201d is spearheaded by the Head of Currency Management Department, Edward Musey. Edward Musey at a media encounter in Tamale, said […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[1144,2002,4624],"yoast_head":"\n