Bank Of Ghana Upgrades One Ghana Cedi Coin | Banking/Finance

The Bank of Ghana (BoG) has upgraded the GH₵1 coin with enhanced security features.

“The Bank will issue the upgraded GH₵1 coin into circulation from Monday, December 12, 2022,” a statement from the central bank said.

“The coin is similar to the existing GH₵1 coin in shape, form and images; the Coat of Arms in front and the Scale of Justice at the back”, it added.

The upgraded GH¢1 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 a One Ghana cedi symbol sandwiched between two stars when tilted.

The existing and the upgraded GH¢1 coins will co-circulate until the existing coin is gradually withdrawn, the central bank said.

"The Bank encourages the public to accept the coins and use them," it added.