This is not a drill guys, the Central Bank of Ghana has introduced new 100 and 200 Ghana Cedi notes and also 2 Ghana cedi coins
According to the Bank of Ghana, the rationale for upgrading the banknotes was primarily to enhance the security features of the banknotes in the context of an evolving technological landscape and to bring on board features that will secure the currency and make it difficult for counterfeiting.
During a press conference earlier today, Dr. Ernest Yedu Addison (Governor of the Bank of Ghana) said:
“A lot of thinking went into the decision to introduce the higher denomination banknotes. The structure of the banknote should align well with the needs of the people who use it for their daily transactions.”
“We need banknotes and coins that are convenient for most people to use, high quality, secure and cost-effective. Accordingly, in March 2017, the Bank of Ghana begun a process of conducting a thorough review of the structure of the currency including on the note/coin boundary and acceptability and use of the individual currency series”
I don’t know about you but my careless nature is not too happy about these higher denominations. Anyway check out what some peeps had to say on twitter.
Someone tell the Mandarins at the Bank of Ghana: remove the politicians from one of the new cedi specimens & replace them with the late Kofi Allotey, the only Ghanaian theoretical physicist of international repute & first full Professor of Math! Politicos have been given enough! pic.twitter.com/ASsa19KlJw— Bright Simons (@BBSimons) November 29, 2019
No jobs, poor roads, high taxes increasement etc. & as our leaders x the bank of Ghana decided to introduce 100gh & 200gh cedis note☹🤔. Will these new notes stop the hardship / poor governance we facing as a people ? Our leaders dem sleep😂 pic.twitter.com/GHQG5Lfs06— Pris✟ (@adorbs_ama) November 29, 2019
Bank Of Ghana releases new 100 and 200 notes.— Ekow(🌟); (@mhyk_Spizz) November 29, 2019
Quashé boys and Pick pockets: pic.twitter.com/YG9zRybF2l
Instead of the government to start companies that target more productivity and cut the importation of some unnecessary things, they keep trying quick fixes and looting our money.— OT Akweley Gyasi (@mirajay11) November 29, 2019
They keep introducing new cedi notes.
In the span of less than 4 years,
So they run out of colours for the new #cedi notes— My Name is (@ss_lemuel) November 29, 2019
New 100 and 200 cedi notes to be introduced. But I have a few questions-What’s the cost of introducing these high end notes and what pressing need is this seeking to quickly address? What’s the social impact risk? Lose 5 200 notes and that’s 1000 cedis. Colors too close too. 👁 https://t.co/XB7HT7kKnm— Cold Room Watcher (@francis_abban) November 29, 2019
What are we going to do with the 2 cedi coin, and new notes, we don’t need it. Ok, when you go to the bank and they give it to you, gently walk out and throw it away in the bin..🙄— Etwienana Yaw Amaniampong Nkwantabisa Asante II (@theakyemmafia) November 29, 2019
So the "eco" currency from ECOWAS be like we for smoke am. Thought we were scheduled to switch over to it by January 2020 and in November 2019 our central bank is busy unveiling new notes for the Ghana cedi. Our leaders are sometimes very inconsistent with their actions🤦♂️!— Maxwell A. Danquah (@maxwelldanquah_) November 29, 2019
To me,— Gucci Dadi #BluHueWorks (@kentejames) November 29, 2019
the design for the new 100/200 cedi notes feels like a lost opportunity to tell old & new stories about Ghana's incredible land and people.
We could've used as inspo: the Northern region; prominent scientists, educators, farmers, dances, our wildlife…