Thursday, February 18, 2016

Bank Of Ghana Denies Issuing Gh¢100 and Gh¢200


Ghana’s central bank denies issuing new notes.

This followed reports on social media suggesting that the Bank of Ghana (BoG) had commenced issuing the new denominations.

“The Bank of Ghana has not issued and has no plans of issuing any new denominations of the Ghana Cedi and categorically states that the stories circulating on social media to the effect that the bank is issuing denominations of GH¢100.00 and GH¢200.00 are false,” said a release from the bank. This is the second time in less than a year that the bank is reacting to such claims. Pictures of the new denominations purported to have been issued by the BoG surfaced on social media last year.

The Central Bank noted that it always precedes issuance of new denominations with intensive sensitization and public education, adding that the only notes in circulation and are legal tender remain: 1, 2, 5, 10, 20 and 50 cedi notes.

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