BUSINESS :: Bank of Ghana introduces GH¢100, GH¢200 notes and GH¢2 coin

Google+ Pinterest LinkedIn Tumblr +

The Bank of Ghana has introduced GH¢100 and GH¢200 notes in the country’s currency denomination mix.

It has also introduced GH¢2 coins.

This was announced by the Governor of the Central Bank, Dr. Ernest Addison at a press conference in Accra on Friday.

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.

He believes that the new currencies will help shore up the value of the currency.

 

Share.

About Author

Kdro, sound engineer/blog designer@www.w2klradio.com

Comments are closed.