Author Topic: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.  (Read 1381 times)

0 Members and 1 Guest are viewing this topic.

Offline Jostein

  • Senior Member
  • ***
  • Posts: 290
    • WBCN
Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« on: November 29, 2019, 04:28:10 PM »
The bank of Ghana just introduced today a new bimetallic decagonal coin of 2 cedis, as well new banknotes of 100 and 200 Cedis.

New Higher-Denomination Ghana Cedi Coin - Know The Security Features - YouTube


Best.
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 349
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #1 on: November 29, 2019, 04:52:25 PM »
The coin

Offline <k>

  • Moderator
  • Honorary Member
  • *****
  • Posts: 21 555
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #2 on: November 29, 2019, 04:57:24 PM »








The coin reminds me of the Cabo Verde coins.
Visit the website of The Royal Mint Museum.

See: The Royal Mint Museum.

Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 3 783
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #3 on: November 29, 2019, 05:02:28 PM »
Interesting news. So this was likely the high denomination coin the Royal Mint referred to in its annual report.

It is strange that they were allowed to use these technical specifications for a coin of which the value equals 28p. It looks reasonably similar to a 1 pound coin.

The denomination is not written on it very clearly to say the least. Also interesting that they use cedi as plural on the coin whereas they in the past used cedis on the coins for the plural.
« Last Edit: November 29, 2019, 05:37:34 PM by eurocoin »

Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 3 783
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #4 on: November 29, 2019, 08:11:38 PM »
Image of the minted coin.




Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 3 783
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #5 on: November 29, 2019, 08:19:26 PM »
We may expect more new coins of Ghana to be released:

"Bank of Ghana intends to gradually replace its lower banknote denominations with coins to reduce the costs of printing. BOG will also embark on a vigorous campaign among road transport workers, market operators, small businesses, supermarkets, vendors and others to create avenues for the usage of the coins including develop infrastructure for coin usage."

Offline onecenter

  • Senior Member
  • ***
  • Posts: 156
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #6 on: November 29, 2019, 10:40:44 PM »
Very nice design. 
Mark

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 349
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #7 on: November 30, 2019, 12:26:03 AM »
So Ghana appears to has blinked first.
They appear to have given up the hope of early issue ECOWAS single currency.

Does Nigeria bite the bullet next?

Offline Big_M

  • Senior Member
  • ***
  • Posts: 134
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #8 on: November 30, 2019, 06:15:16 PM »
This is hardly high value. Moreover that have been loyal to the RCM for a long while.

Offline malawi

  • Senior Member
  • ***
  • Posts: 199
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #9 on: December 05, 2019, 05:08:31 PM »
very nice!!
the coin is now in circulation?

Offline eurocoin

  • Technical posts member
  • Honorary Member
  • *****
  • Posts: 3 783
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #10 on: January 30, 2020, 06:12:01 PM »
John Gyamfi, Currency Manager at the Bank of Ghana, just informed me that the 2 cedi coin was produced at The Royal Mint.

Offline Big_M

  • Senior Member
  • ***
  • Posts: 134
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #11 on: March 12, 2020, 04:40:49 PM »
With the coin at hand, I must admit the execution is very decent. e.g. the microprint is very detailed.

The central building design is probably the weakest point.

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 349
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #12 on: April 07, 2020, 06:47:34 AM »
Is the value indicated in any local language?
The Latent image and micro lettering are primarily security features.
Where is the value for common man to see?

Offline Jostein

  • Senior Member
  • ***
  • Posts: 290
    • WBCN
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #13 on: April 07, 2020, 01:05:41 PM »
Is the value indicated in any local language?
The Latent image and micro lettering are primarily security features.
Where is the value for common man to see?

The value only can be saw at the micro text of the external part of the ring. I think that this should be corrected, because it is not enough...
"Change is the law of life. And those who look only to the past or present are certain to miss the future" - John F. Kennedy

http://www.bimetallic-coins.com

Offline Pabitra

  • Honorary Member
  • *****
  • Posts: 2 349
Re: Ghana: New bimetallic 2 Cedi coin, 100 and 200 Cedi banknotes.
« Reply #14 on: April 07, 2020, 04:07:24 PM »
The design on reverse, which looks like "TiiT" repeated six times is not symmetrical.
What is its significance?