The Bank of Ghana (BoG) says it has no intention of printing ¢500 denomination.
A new ¢500 cedi note with pictures of ex-Presidents and President Akufo-Addo has surfaced online suggesting that the central bank will introduce it soon.
The note resembles the ¢50 note in circulation.
But JoyBusiness sources at the Bank of Ghana has denied such reports.
The source said the bank has no plan of printing another higher denomination banknote.
Last year, the Bank of Ghana introduced the ¢100 and ¢200 denomination to facilitate large transactions.
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
-
Mahama express gratitude to 3 outgoing Service Commanders
49 minutes -
Ghana Grows High School Next Level kicks off at Koforidua School for the Deaf
58 minutes -
Speaker Bagbin concerned over security of MPs and Parliamentary Service staff
1 hour -
US says South African ambassador’s remarks were ‘unacceptable’
1 hour -
Tunisian coastguard retrieve bodies of 18 migrants, rescue hundreds in Mediterranean
2 hours -
Poor rains enough to support Ivory Coast’s cocoa mid-crop, farmers say
2 hours -
Nigeria inflation eases for second month after data overhaul
2 hours -
Eight countries could run out of HIV treatments due to USAID cuts, WHO says
2 hours -
Trump says ‘many elements’ agreed to ahead of Putin call
4 hours -
Messi left out of Argentina’s next World Cup qualifiers
4 hours -
Maame Samma Peprah takes over as Ag. Registrar of Companies, pledges teamwork and continuity
4 hours -
King Charles meets Carney in symbolic support for Canada
4 hours -
Police release new evidence in timeline of Gene Hackman and his wife’s death
5 hours -
Netflix drama Adolescence hailed as ‘flawless’ TV
5 hours -
No novelty, NDC just changed funding route – Amin Adam on uncapping GETFund
5 hours