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Head of Currency at the Bank of Ghana, Edward Musey has doubted the ability of counterfeiters to print fake copies of the new GHc5 note due to its incorporated security features.
READ ALSO: New GH¢5 note in circulation
The new note, bearing the image of Dr James Kwegyir Aggrey, was introduced to commemorate Bank of Ghana’s 60th anniversary.
This note started circulating on 7th march as a legal tender as well as a collector’s item.
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Reports say, some Ghanaians continue to reject the note amid doubts that it is legal tender.
There are also concerns that most people are yet to familiarize themselves with the new note which make them fear that counterfeiters may exploit the situation by printing imitated copies into circulation.
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However, the BoG says the new note is counterfeit-proof.
“With the security features we have included in the banknote, it is going to be very difficult, it is not possible to make counterfeit copies of what we have,” Mr. Musey told Accra FM.
He explains that the “public recognition features” on the note as well as new details, including the drill ship, can be seen when held under light.
He is therefore encouraging people to look out for the security features on the note.
“So we are asking people not to be afraid. No one can swindle anyone with a counterfeit copy of the note”.