BoG not printing GHS30, GHS100, GHS200 notes – Governor

January 28, 2017 Apt News Desk Business 0

The Bank of Ghana has stated that it will not be printing new GHS30, GHS100, or GHS200 dominations as being speculated on social media.

A press release signed by Bernard Otabil, Director of Communications at BoG, stated that the stories were false and should be disregarded.

The statement clarified that a commemorative GHS5 will be printed to commemorate Ghana’s 60th anniversary, but not to replace the existing ones.

Below is the full statement:

The attention of the Bank of Ghana has been drawn to stories circulating on social media to the effect that the Bank is issuing denominations of GHS30, GHS100, and GHS200, and wishes to categorically state that the stories are false and should be disregarded.

It will be recalled that the same stories were circulated on social media in 2015.
Moreover, the said address by the Second Deputy Governor to an investor community never mentioned any such issue and should, therefore, be disregarded.

All that was contained in the address was the following:

“…Finally, and on a lighter note, you will recall nearly a decade ago when the Bank of Ghana celebrated its golden jubilee with currency exhibitions and road shows across the country. Once again, on the 4th of March, 2017, we shall be celebrating the 60th anniversary of central banking in Ghana. As part of the celebrations, a new commemorative banknote in five-cedi (GHS5) denominations will be unveiled. This banknote will be legal tender as well as a collector’s item. The note will have new durable security features which can be easily identified by the public as well as introduce other internationally acceptable security features which are sensitive to touch to aid the blind and visually challenged in identifying the banknotes. The climax of this celebration will take place in August 2017, which will mark exactly 60 years when Bank of Ghana opened its doors to the public. The programme for the celebrations will be announced in due course.”

The Bank wishes to take this opportunity to assure the public, that the denominations of the Ghana cedi in circulation remain the following:
Notes:
GHS50
GHS20
GHS10
GHS5
GHS2
GHS1

Coins:
GHS1
50Gp
20Gp
10Gp
5Gp
1Gp

credit:classfmonline

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