Integrity,Transparency Very Dear To Us – BoG

Integrity and transparency dear to us

The Bank of Ghana (BoG) has emphasized its aggregate responsibility towards guaranteeing that its operations are characterized by the center estimations of straightforwardness and trustworthiness.

Consultant to the Bank, Catherine Ashley, said it would keep on being guided by these qualities in each choice it took and whatever it did.

She was talking at a day’s refinement discussion held in Kumasi to give the chance to help individuals to find out about the memorial GH5 notes, right now available for use.

This united delegates from the different business banks working together in the Ashanti Region and chose writers.

It shaped some portion of an across the nation program propelled by the Central Bank to teach general society on the unmistakable security elements of the banknote.
Officials from the Currency Management and Communications Departments of the Bank had already been to Sunyani and Tamale for the purpose.

Ms. Ashley repeated that the commemorative note was not going to replace the existing five cedi note but “one-off” – collector’s item.

She, therefore, encouraged everybody to take good care of the note and to preserve it, telling them that, they could make a fortune from its sale in the future.

She delinked the government from the decision to print it, stating that, it took a minimum of one year to print the currency.

This was not something that could be done in three months because it involved a lot of security, she added.
Again, the Bank opted to print the commemorative note purely on the basis of the cost-effectiveness – it was cheaper to do a note than to mint a gold or silver coin.

Mr Dominic Owusu of the Currency Management Department took the people through the enhanced security features of the new note and ranked the currency among the best in the world.

Its special features include a security thread – when tilted, the black star motif is seen making an up and down pulsing motion, watermark showing the portrait of Dr Kwegyir Aggrey, which is also visible from both sides when the banknote is view towards the light, tactile marks to assist the visually impaired and optically variable ink.

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