June 9, 2023

Many of us have at some point in our lives seen a phony cash note ( fake money), either one that was presented to us by a friend, a co-worker, or one that came from a commercial transaction. Nearly yearly, the News frequently reports on producers of fake currency being arrested. Ghana is not an exception to the global trend of counterfeiting being addressed on various fronts.

There have been a ton of tales and reports over the years of dishonest persons creating false bills and giving them to unsuspecting people. On May 16, 2019, the Ghana Police detained two individuals (one Ghanaian and one Nigerian) for making and disseminating counterfeit Cedis, Euro, and US Dollar notes to the unwary public. This incident is only one of many incidents of this type.

To spot counterfeit ( Fake) money in Ghana then checkout for the following ;

The Independence Arch

The Independence Arch, which stands in the center of the note and is emblazoned with the words “Freedom and Justice” and the year “AD 1957” (the year of Independence), is visible.

Big 6

The Big 6 (the persons who assisted Ghana in gaining independence from the British) are depicted in a prominent way on the right side of the note. It is important to keep in mind that there are only six people featured—neither more nor less.

The Security Thread

On the left side of each note, there is a metallic band. On the money, it appears to be a shattered metallic thread. It is also crucial to note that the note appears undamaged when it is oriented toward the sun or any other source of light. A fake Ghana Cedi note is one that lacks that feature.

The Watermark

Before the metallic thread, on the left side, is a star with a hue that is paler than the background. The denomination of the currency is written in a white circle beneath the watermark of Tetteh Quarshie, the first person to import cocoa to Ghana, and a cocoa pod. If the white circle is removed from light, only a portion of the number printed there is visible. The notes are watermarked with diagonal lines at each of their four corners

The National Monuments Several Ghanaian institutions and monuments that aid in the development of Ghana are listed on the back of the notes. The Ghanaian parliament building appears on the 2 Cedi note as well as the Akosombo Dam, the country’s primary source of electricity. The Bank of Ghana building is depicted on the back of the 10 Cedi note, while the Supreme Court of Ghana’s forecourt is shown on the reverse of the 20 Cedi note. The Osu Castle, which served as the previous capital and seat of government, is depicted on the 50 Cedi note.““““

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