Counterfeit cedi notes pose a serious risk to personal and business finances in Ghana. The Bank of Ghana (BoG) has provided clear methods to help individuals identify fake currency and protect themselves. Here’s a step-by-step guide to spotting counterfeit notes:
1. Compare with a Genuine Note
Always compare any suspicious note with a genuine one of the same denomination from a reliable source. Avoid relying on online images or brochures, as they may not accurately represent real currency features.
2. Check Security Features
Genuine cedi notes include several built-in security features that are difficult for counterfeiters to replicate:
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Watermark: Hold the note up to light to see a watermark featuring Tetteh Quarshie and a cocoa pod.
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Security Thread: A metallic thread embedded in the note appears as a broken line when viewed from different angles.
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Colour-Shifting Ink: The denomination numeral changes colour when tilted.
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Raised Print: Genuine notes have a tactile raised print that you can feel with your fingers.
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Microtext: Tiny text embedded in the design, difficult to reproduce accurately.
3. Inspect for Damage or Repairs
Be wary of notes that appear unusually soiled, torn, or repaired. Counterfeit notes often attempt to mimic wear and tear to appear authentic but may show signs of tampering.
4. Use Ultraviolet (UV) Light
Under UV light, genuine notes display specific features such as glowing threads or inks that counterfeit notes lack. Using a UV light can quickly help identify suspicious currency.
5. Examine the Serial Number
Check that the serial number is unique and matches the denomination of the note. Fake notes sometimes have repeated or irregular serial numbers.
What to Do If You Suspect a Counterfeit Note
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Do Not Accept or Circulate the Note: Avoid using the suspected note to prevent further spread.
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Report to Authorities: Contact the Bank of Ghana or the police immediately for verification.
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Provide Details: Include where and how the note was received to aid investigation.
Contact Information – Bank of Ghana:
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Phone: +233 30-2666174 – 6
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Email: bogsecretary@bog.gov.gh
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Website: www.bog.gov.gh
Source: Thepressradio.com
