RADP / Pulse Ghana > news > business

Bank of Ghana not issuing new denominations

February 17, 2016 10:10 AM

According to a statement released by the central bank and published on its website, the BoG says it “has not issued and has no plans of issuing any new denominations of the Ghana Cedi.”

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The Bank of Ghana has denied issuing new denominations of the Ghana Cedi as being speculated on social media.

The BoG says, “stories circulating on social media to the effect that the Bank is issuing denominations of GH¢100.00 and GH¢200.00 are false.” Sometime in march last year, the bank of last resort was forced to reject similar reports on social media that it had issued new Ghana cedi notes.

The Bank further clarified that the only denominations of the Ghana cedi in circulation that are legal tender remain the following:

NOTES COINS

GH¢50 GH¢1

GH¢20 50Gp

GH¢10 20Gp

GH¢5 10Gp

GH¢2 5Gp

GH¢1 1Gp

The Bank of Ghana also said it always precedes issuance of new denominations with intensive sensitization and public education.

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