Ghanaians fume as BoG introduces new GHC100 and GHC200 notes
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Ghanaians fume as BoG introduces new GHC100 and GHC200 notes

The Bank of Ghana has introduced GH¢100 and GH¢200 notes to the country’s currency denomination mix.

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The Central Bank is also set to introduce a GH¢2 coin.

This was announced by the Governor of the Central Bank, Dr. Ernest Addison at a press conference in Accra on Friday, November 29, 2019.

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According to the Central Bank, the new notes will go into circulation from Friday, November 29.

It was unveiled at a press conference at the Banking Hall of the Bank of Ghana (BoG). 

Prior to this, the BoG put into circulation, upgraded banknotes of the Ghana Cedi. The rationale for upgrading the banknotes was primarily to enhance the security features of the banknotes.

This was in the context of an evolving technological landscape and to bring onboard features that will secure the currency and make it difficult for counterfeiting.

In addition to enhancing the security features, the upgraded banknotes came with specific features to improve durability and enhance their machine readability.

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The upgrade exercise retained the design features of the existing series of banknotes and coins as introduced twelve years ago in 2007.

Below are comments of some Ghanaians about the latest development:

YEN.com.gh earlier reported that the Afrobarometer Survey of the Ghana Centre for Democratic Development (CDD) has revealed that President Nana Akufo-Addo is leading the country in the “wrong direction”.

According to the survey, 59% (six in 10) of Ghanaians say Ghana is going in the wrong direction.

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Source: Yen Ghana

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