The central bank has introduced ¢100 and ¢200 notes and ¢2 coins to the country’s currency denomination.
The new notes go into circulation Friday after an unveiling at a press conference at the Banking Hall of the Bank of Ghana (BoG).
“A lot of thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions.
“We need banknotes and coins that are convenient for most people to use, high quality, secure and cost-effective. Accordingly, in March 2017, the Bank of Ghana begun a process of conducting a thorough review of the structure of the currency including on the note/coin boundary and acceptability and use of the individual currency series,” Governor of the Bank of Ghana Dr Ernest Addison said.
In addition to enhancing the security features, the upgraded banknotes came with specific features to improve durability and enhance their machine readability.
Watch a video about all the security features of the new notes and coin.
Latest Stories
-
I’ll win TGMA Artiste of the Year at the right time – Kofi Kinaata
17 mins -
Meet Fred Amugi’s 100-year-old mother
33 mins -
Brazil great Marta to retire from international duty
1 hour -
Otto Addo was forced to accept Black Stars coaching job – Mohammed Polo
1 hour -
Karim Zito qualified to be Black Stars head coach – Mohammed Polo
1 hour -
Platinum Cup makes return on April 27
1 hour -
MoE is not changing uniforms or re-painting all public schools – Kwasi Kwarteng clarifies
2 hours -
16th Africa Aquatics Swimming Championships: Nubia and Harry to represent Ghana in Angola
2 hours -
Four defendants in NDA case by OSP open defence today
2 hours -
GFA commissions first set of floodlights at Ghanaman Soccer Centre of Excellence
2 hours -
Basic public school uniform change an initiative, not a policy – Kwasi Kwarteng
2 hours -
Bawumia appeals for peace in Gonjaland, donates GHȼ100K, bull
2 hours -
Drake: AI Tupac track gone from rapper’s Instagram after legal row
3 hours -
Repainting schools, changing uniforms a misplaced priority – Joy FM listeners on rebranding of basic public schools
3 hours -
UEFA U-16 Tournament: Black Starlets bounce back with 5-1 win over Serbia
3 hours