The Bank of Ghana has issued an official statement to deny issuing or  planning to issue any new denominations of the Ghana Cedi - discrediting reports circulating on social media to that effect.

Below is the statement

BANK OF GHANA NOT ISSUING NEW DENOMINATIONS

The Bank of Ghana has not issued and has no plans of issuing any new denominations of the Ghana Cedi and categorically states that the stories circulating on social media to the effect that the Bank is issuing denominations of GH¢30, GH¢100 and GH¢200 are false.

The Bank wishes to inform the general public that the only denominations of the Ghana Cedi in circulation and are legal tender remain the following:

Notes:

GH¢50

GH¢20

GH¢10

GH¢5

GH¢2

GH¢1

Coins:

GH¢1

50Gp

20Gp

10Gp

5Gp

1Gp

Please note that the Bank of Ghana always precedes issuance of new denominations with intensive sensitization and public education.