The Bank Of Ghana (BoG) Says It Is Getting Ready To Phase Out The GHC1 And GHC2 Notes In Circulation. [Read Full Details]

The Bank of Ghana (BoG) says it is getting ready to phase out the GHC1 and GHC2 notes in circulation.


The BoG says these notes would be replaced by their respective coin.


Addressing a press conference after the MPC meeting Monday (27 September), the Governor of Bank of Ghana, Dr Ernest Addison said, “Both the GHC1 note and the GHC2 note would eventually be phased out because they are not cost-effective in terms of the printing cost.


“Notes that circulate very widely and they come back very torn and soiled and they are very difficult for our currency processing machines to process them.”


FOR MASSIVE ONLINE, STREET, RADIO, TV & DIGITAL STORE PROMO


No comments

Powered by Blogger.