Economy

Q&A: All you need to know about the new banknotes

29 November 2019 12:49pm

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

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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.

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