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Bank of Ghana Begins Circulating New GH¢5 Notes

The Central Bank of Ghana, will today, March 7, 2017, put into circulation a new Five Gh. Cedis, (GH¢5) banknote.

This forms part of the Central Bank’s 60th anniversary, which was on March 4, 2017.

According to a member of the Currency Department of the Bank of Ghana, Mr. Dominic Owusu, one of the unique features of the note is its ability to allow holders scan the currency, using a mobile phone app to access the Bank of Ghana (BoG) website directly.

speaking on an Accra based radio station, Citifm, Mr Owusu said the link will take users directly to a domain on the site to explain details of the banknotes to Ghanaians.

The note he said, comes with new features and design. It also has additional security features that are sensitive to touch to enable the visually impaired identify it.

The note has a portrait of Dr. James Kwegyir Aggrey which is visible from both sides when viewed towards the light.

Dr. James Emman Kwegyir Aggrey is Ghanaian missionary credited for being one of the apostles of education in the then Gold Coast.

Mr. Dominic Owusu, said this is the first time such a modern feature has been embedded on a national currency.

He explained that it is aimed at encouraging Ghanaians to visit the site to learn the unique features of the new GH¢5 note, as well as old currencies.

“The idea is aimed at encouraging Ghanaians learn and know the national currencies,” he said.

Explaining further some other features on the GH¢5, Mr. Owusu said the new note is smaller compared to the old five cedi note.

He said when the note is tilted, a Black Star motif makes an up and down pulsing motion while a white 5 figure on the ribbon stays still.

Adding that Dr. James Kwegyir Aggrey’s portrait is visible from both sides when the banknote is viewed towards the light.

He said under the portrait of Dr. Aggrey there is a watermark highlight on the 5 figure.

“The colour of the denomination figure GH¢5 at the top left changes from green to blue when the banknote is titled while, behind the note is the FPSO Kwame Nkrumah,” he said.

The new notes will be used alongside the old GH¢5 notes

GBC

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