Bank of Ghana to introduce GH¢100, GH¢200 notes and also a GH¢2 coin


The Bank of Ghana has presented GH¢100 and GH¢200 notes in the nation's cash category blend.


It has likewise presented GH¢2 coins.


This was reported by the Governor of the Central Bank, Dr. Ernest Addison at a question and answer session in Accra on Friday.


Clarifying the reason for the improvement, the senator said the presumptive worth of the cedi contrasted with the US dollar in the course of recent years had dissolved because of continued times of high swelling and deterioration.


He accepts that the new monetary standards will assist shore with increasing the estimation of the cash.


The redenomination practice meant to dispose of four zeros from the current units of monetary forms trying to present effectiveness in the economy and expels the dead-weight trouble related with exchanges.


At the hour of the redenomination, the GH¢1 was equal to US$1, the most noteworthy category at that point was the GH¢50 which was equal to the GH¢50. Twelve years after the redenomination work out, supported times of high expansion and the enduring deterioration of the cash has dissolved in genuine terms the assumed worth of the arrangement of notes," he said.

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