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Bank of Ghana out-doors new 50 cedi notes in Accra

The Bank of Ghana has out-doored the new fifty cedi note in Accra. This is part of efforts to discourage fraudsters from printing counterfeit notes.

The Acting Governor of the Bank of Ghana Dr. Henry Kofi Wampah said the new notes will start circulation today, Tuesday 21st August, 2012.

The upgraded GH¢50 Banknote has a more secure and technologically advanced public recognition feature called ‘’Spark’’, together with other features. The Spark is in the form of a green cocoa pod located towards the bottom right hand corner of the banknote.

When tilted the cocoa pod changes colour progressively from green to blue and back to green.

A beam of light rolls on the cocoa pod. You will observe that the Spark replaces the hologram on the old GH¢50 denomination.

According to the Acting Governor of the Bank of Ghana, Dr. Henry Kofi Wampah, the old banknote will run concurrently with the upgraded banknote and will be accepted as legal tender for the payment of goods and services until 30th September, 2012. Thereafter the old GH¢50 denomination can only be exchanged at the Bank of Ghana or any bank in Ghana.

Via GBC


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