Bank of Ghana Introduces GH¢100 and GH¢200 Notes & GH¢2 Coins. Are You Feeling It?

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.

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