Official: Why we have introduced new banknotes, coin – BoG

Explaining the rationale for the development, the governor said the face value of the cedi compared to the US dollar over the past 12 years had eroded due to sustained periods of high inflation and depreciation.

The Bank of Ghana has given the rationale for the introduction of GH¢ 100 and GH¢ 200 notes in addition to the country’s currency denomination mix.

Dr Ernest Addison, the Governor of the Central Bank who announced the introduction of the new notes at a press conference in Accra on Friday has provided the rational for the introduction.

He said the BoG introduced the new notes to complement the existing series to ensure customer convenience and bring about efficiency in the printing of currency to generate savings for the country.

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Find out more about why the BoG has released the new notes in the statement below:

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