Total currency in circulation rose by 42.8% to about 35.584 billion in 2022.
According to the Bank of Ghana’s 2022 Annual Report, a total of ¢35.584 billion were notes and ¢494.173 million were coins.
About ¢9.8 billion of the currency in circulation in 2022 were denominated in 200 cedi note. This is compared to ¢6.55 billion in 2021.
The 100 cedi note were estimated at ¢8.69 billion, higher than ¢4.31 billion recorded in 2021.
The 50 cedi note were also made up of ¢7.70 billion in 2022, as against ¢4.89 billion in 2021.
For the 20 and 10 cedi notes, the total money in circulation in 2021 were ¢5.13 billion and ¢2.69 billion respectively. This is against ¢4.89 billion and ¢2.44 billion registered a year before.
The 5, 2 and 1 cedi notes amounted to ¢1.32 billion, ¢7.6 million and ¢141 million respectively.
The total coins in circulation, however, were estimated at ¢494.17 million, higher than the ¢365.11 million recorded in 2021.
The 50 Ghana pesewa coin recorded the highest amount in circulation of ¢199.81 million. It was followed by the 20 Ghana pesewa coin which was estimated at ¢119.85 million.
The significant growth in currency in 2022, indicated that the government printed more money during the year under review.
Latest Stories
-
Bawumia is a man of action who delivers on his promises – Upper East Imams and Zongo Chiefs
1 hour -
Parliament approves Akufo-Addo’s ministerial nominees
3 hours -
StarLife Assurance supports Global Evangelical Mission Hospital with medical supplies
4 hours -
Benjies outdoors catchy thematic narrative on debut EP ‘TRI’
4 hours -
Skin and body enhancement, the emerging cause of hypertension
5 hours -
Bawumia vows to prioritise Pwalugu Dam project and tackle energy challenges with solar power
5 hours -
Bleaching and body enhancement creams can cause hypertension – Dr Tanor
6 hours -
Bobby Banson urges separation of Attorney General and the Minister of Justice offices
6 hours -
It’s possible for Cedi to hit GH¢20 against the dollar – Sammy Gyamfi teases Bawumia’s 2024 polls slogan
6 hours -
Tamale North MP accuses Akufo-Addo of scheming to oust Kissi Agyebeng from office
6 hours -
Akufo-Addo warns journalists of potential AI dangers in misinformation
6 hours -
Will you accept financial help from your wife’s male friend? Here’s Joy listeners’ verdict
7 hours -
Arteta’s Arsenal title dream ‘still alive’
7 hours -
AfDB warns about high level of debt facing African countries
7 hours -
Chief Justice asks Kissi Agyebeng to respond to impeachment allegations
7 hours