Audio By Carbonatix
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
-
KNUST Nkabom Collaborative opens pitch session to support young agripreneurs with business funding
53 minutes -
Former Foreign Affairs minister and Ex-ECOWAS Commission President James Victor Gbeho dies at 91
2 hours -
Illegal dumpsite washed into Weija Lake after floods, raising public health fears
2 hours -
NACOC partners GJA to combat substance abuse and illicit drug trafficking in Ghana
2 hours -
Football’s greatest legends prepare for their final World Cup
2 hours -
Sammi Awuku questions whether GTA board chair Gertrude Donkor meets Tourism Act private sector requirement
2 hours -
Providence turns red, gold and green as Tribe Culturefest ignites Ghana’s World Cup fever
2 hours -
Asantehene to attend tribe Culturefest’s fan festival at Toronto’s Sankofa Square
2 hours -
Former Chief Justice Sophia Akuffo resigns from the Council of State
3 hours -
Health workers struggle to contain Ebola in Congo camps as distrust grows
4 hours -
Richie Mensah unveils ‘The Octave’ as latest addition to Lynx Electronics family
4 hours -
Motorists, pedestrians alarmed over faulty streetlights on Achimota Forest stretch
4 hours -
Bank of Ghana orders financial institutions to stop supporting foreign currency crypto wallets
4 hours -
Former Upper West Minister Backs Dr Issahaku Moomin for NPP Treasurer Position
6 hours -
Legal Education Reform: Assafuah questions possible return of entrance exams under new bar training system
6 hours