News
Ghanaians Berate Bank Of Ghana After Announcement Of New GH¢1 Coin With Security Upgrades
The Bank of Ghana (BoG) has announced an upgrade to the GH¢1 coin with some enhanced security features.
“The upgraded GH¢1 coin is bi-metallic with an 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,” parts of a statement issued by the BoG read.
Ordinary, this announcement should be welcomed news to Ghanaians because it will help prevent fraud and help ensure that the country’s currency is secured.
But Ghanaians on social media are not taking the announcement of the new GH¢1 coin, which will be in circulation from Monday, December 12, 2022, well.
Some Tweeps have been questioning the time of the move by the BoG and the amount it might have cost the country, given the current economic hardships.
“Useless people, how much will this cost us huh? as for Nana Addo the least said about him the better,” one Twitter user wrote.
Some also said that the BOG should focus on stabilising the value of the Ghana cedi rather than issuing new currencies.
“Under Akufo Addo our currency has depreciated badly n he has introduced new denominations new features on our currency n wiping out some…what development paaa will this bring to the nation, of what benefit is this…Total waste,” another Ghanaian wrote.
View more reactions of Ghanaians to the BoG’s announcement below:
