Author: Nicholas Akussah
The Bank of Ghana has announced the upgrade of the Gh¢1 coin with enhanced security features.
The changes were confirmed in a press statement today, Tuesday, 6th December 2022.
According to the release, the coin is similar to the existing one in shape, form, and images; the Coat of Arms in front and the scale of justice at the back.
The upgraded coin is bi-metallic with outer gold and inner silver.
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 one Ghana cedi symbol sandwiched between two stars when tilted.
According to the statement, the existing and the upgraded Gh¢1 coins will co-circulate until the existing coin is gradually withdrawn.
The upgraded coin will be issued into circulation from Monday, 12th December 2022.
The Bank of Ghana, however, encouraged the public to accept the coins and use them.
