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Business News of Thursday, 26 January 2017


Citi FM dissociates itself from false BoG new notes story

It has come to the attention of Citi 97.3 FM that, a story in circulation headlined ‘BoG to issue new GHC5, GHS30, GHS100, and GHS 200 notes on March 4”, has been sourced to, and our Business Reporter, Lawrence Segbefia.

The Management of Citi FM would like to state categorically, that neither the reporter, Citi FM nor Citi Business News aired nor published the said story in circulation.

It must, however, be stated emphatically that, the only story published by by the reporter, Lawrence Segbefia on January 19, 2017, was headlined ‘BoG to issue GHS5 notes on March 4’. The link is hereby attached as evidence.

Citi 97.3 FM cannot explain the intent or purpose for which the original story (below) has been altered and circulated by unidentified persons.

BoG to issue new GHS5 notes on March 4

The Second Deputy Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama has disclosed that the central bank will unveil new banknote in five-cedi (GH¢5) denominations.

According to him, the banknote will be legal tender as well as a collector’s item.

“The note will have new durable security features which can be easily identified by the public as well as introduce other internationally acceptable security features which are sensitive to touch to aid the blind and visually challenged in identifying the banknotes,” he said at the 4th Edition of the AB & David Crystal Ball Africa 2017 in Accra.

Dr. Asiama explained that the decision to issue the new note is to climax the celebration of the central bank’s 60th anniversary which will take place in August 2017.

“You will recall nearly a decade ago when the Bank of Ghana celebrated its golden jubilee with currency exhibitions and road shows across the country. Once again, on the 4th of March 2017, we shall be celebrating the 60th Anniversary of Central Banking in Ghana”, he said.

This is going to be the first time a new denomination will be issued under the tenure of the governor, Dr. Abdul-Nashiru Issahaku.

It is also expected that the note will bear the signature of Dr. Issahaku.