Ghana’s High-Tech Currency Printing Process
If you would like to know Ghana’s High-Tech Currency Printing Process is employed to produce Ghana’s Banknotes and Coins? Take the time to read on.
Ghana’s Currency Printing Process
The Bank of Ghana Prints New Currency
The Bank of Ghana holds sole authority for printing and circulating currency notes and coins in Ghana. They regulate money supply to support economic growth and stabilize inflation.
According to the Bank, “we print currencies that reflect Ghana’s culture and sovereignty.” Before circulating new banknotes, the Bank subjects them to “a thorough design process with advanced security features.” (1)
Enhanced Security Features Prevent Counterfeiting
Recent upgraded 5, 10, 20 and 50 cedi notes released in 2019 contain modern security elements like watermarks, security threads, see-through registers, iridescent bands, and foil patches (2, 3). These features conform to international industry standards for stopping counterfeit bills.
Specialized Materials and Printing
The printing operation starts by obtaining specialized cotton-paper and ink. High-tech printers then produce the intricate designs featuring portraits of Ghana’s ‘Big Six’ independence leaders.
Balancing Growth and Inflation
When unveiling new coin models in 2022, the Governor affirmed the Bank’s commitment to print more money for economic growth but not recklessly, which could spur inflation (1, 5). This aligns with its mandate to issue currency prudent to risks.
Supply Aligns with Growing Economy
As Ghana’s 2022 GDP reached US$74.26 billion, increasing national incomes and transactions demand calculated currency amounts without causing hyperinflation (7).
In summary,
The Bank of Ghana provides suitably designed and secured currency notes and coins to expand money supply. This controlled expansion of money supply is crucial for powering Ghana’s economic growth goals and facilitating financial transactions across the country. By balancing increased money printing with risks of inflation, the Bank of Ghana plays a pivotal role in monitoring and shaping Ghana’s economic trajectory for long-term prosperity.
- Bank of Ghana Profile12.
- Citi Newsroom Article3.
- Wikipedia Page on Banknotes of the Ghanaian Cedi5.
- Reuters Article6.
- Bank of Ghana Acts and Regulations7.
- Statista GDP Statistics8.
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Labels are everywhere and for every product
Labels are everywhere and for every product
We cannot do without them. In business your product or service have a name which must be known, and here comes the tag manager to help; Labels! Remember the labels are everywhere and for every product statement we mentioned earlier is true for both manufacturer and service providers.
A label either as a signage or product label is a piece of adhesive or non adhesive paper, plastic film, cloth, metal, or other material affixed to a container or product, on which is written or printed information or symbols about the product or item.
We need the Labels
You need a label not only to identify the product but also to distinguished it from other product of that kind. This is where great design and printing comes in to play as you know; first impression last longer. We need a label that will capture the customers eye and call for the product to be pick up and get sold. No more no less. And with great design and print comes more sales.
Type and Shape of Labels around
Type of Labes: We have several label types that are available around for print today.
- Dry peel labels. …
- Fold out labels. …
- Reseal labels. …
- Expandable reseal booklet. …
- Specialty die-cut labels. …
- Tag and board packaging. …
- Prime labels.
Shape and Size:
Labels comes in several different shapes and sizes. Getting the right shape depends on the feel and product you have and getting the right size not only depends on the size of the container but the information you are adding to the label design.
For all your Custom Labels prints; Print Planet offers low cost labels print for any business or products you have to sell, big or small. Click here now to order or call our quick support.
Check out other label is ideas
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5 THINGS TO KNOW ABOUT PRINTING
- What is print technology?
Offset printing is a widely used printing technique. Offset printing is where the inked image is transferred (or “offset”) from a plate to a rubber blanket. An offset transfer moves the image to the printing surface. … Currently, most books and newspapers are printed using the technique of offset lithography.
- What are the different types of printing?
The types of printing:
- Digital Printing.
- Flexography.
- Letterpress Printing.
- Offset Printing.
- Rotogravure.
- Screen Printing.
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- Who invented printing?
It is a little-known but undisputed historical fact that Johannes Gutenberg did not invent the printi
ng press. Tho
ugh the Gutenberg Bible was certainly the first mass produced printed work, it was hardly the first printed book — nor was it even the first made using movable type.
We all know that Gutenberg invented the printing press but he didn’t invent printing. Over 500 years before Gutenberg was able to mass produce books with his revolutionary machine, Chinese monks were using wooden blocks dipped in ink and pressing them on parchment to create text.
- Who is the inventor of the printer?
The history of computer printers started in 1938 when Chester Carlson invented a dry printing process called electrophotography commonly called a Xerox, the foundation technology for laser printers to come.
5. The Chinese also invented business cards
Business cards are one of the print industry’s most common products. In the 1400s, the Chinese began using their version of a business card. These cards were not used for commercial purposes so were seen as calling cards, used to announce a meeting with another person.
Sourced from: google.com
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