The Bank of Ghana (BoG) Friday introduced GH¢100 and GH¢200 notes as well as the GH¢2 coin as part of Ghana’s currency denomination.
“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,” the Governor of BoG Dr Ernest Addison said.
He said, “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.”
Read Q& A on the new banknotes
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Abuakwa South MP demands pact to future-proof Ghana’s education
20 minutes -
Leadership is quiet preparation, serve with integrity – Chief of Staff urges youth
39 minutes -
Mother confesses to drowning 4-year-old son in well to please lover
41 minutes -
Patricia Appiagyei rejects replacing Afenyo-Markin on ECOWAS Parliament delegation
42 minutes -
Kevin Taylor’s court appearance without arrest proof of judicial abuse under NDC – NPP MP
59 minutes -
The inconvenient truth: Why Africa’s boardrooms must reset the boardroom governance clock
2 hours -
Abuakwa South MP issues appeal for 21st-century overhaul of education system
2 hours -
PURC reports consumer grievances and monitoring efforts in Northern Region
2 hours -
Barcelona B extend Abdul Aziz Issah’s loan for 2025/2026 Season
3 hours -
Black Sabbath singer Ozzy Osbourne dies at 76, Sky News reports
3 hours -
Forestry Commission responds to Sokoban wood sellers’ harassment claims
3 hours -
Government urges legal counsels to accelerate resolution of Chieftaincy disputes
3 hours -
Education: GQAA calls for an end to punishing students for using AI
3 hours -
Unlike NPP, the NDC gov’t is taking heed of my reports on galamsey though the menace continues – Erastus Asare Donkor
3 hours -
AT CEO urges students to embrace AI at TEDxUCC Career and Skill Summit
3 hours