The Bank of Ghana has dismissed reports that it has begun issuing new denominations of the Ghana cedi.
This follows reports circulating on social media that the Bank has begun issuing 100 and 2oo cedi denominations.
In a public notice released on Thursday, the Bank of Ghana stated that such reports are false and called on the general public to treat it will all the contempt it deserves.
According to the bank, same stories were circulated on social media in 2015.
Below is the full statement
January 26, 2017
Bank of Ghana
BANK OF GHANA NOT ISSUING NEW DENOMINATIONS
The attention of the Bank of Ghana has been drawn to stories circulating on social
media to the effect that the Bank is issuing denominations of GH¢30, GH¢100 and
GH¢200, and wishes to categorically state that the stories are false and should be dis-regarded. It will be recalled that the same stories were circulated on social media in
Moreover, the said address by the Second Deputy Governor to an investor community
never mentioned any such issue and should therefore be disregarded.
All that was contained in the address was the following:
“ . . . Finally, and on a lighter note, you will recall nearly a decade ago, when the Bank
of Ghana celebrated its golden jubilee with currency exhibitions and road shows across
the country. Once again, on the 4th of March 2017, we shall be celebrating the 60th
Anniversary of Central Banking in Ghana. As part of the celebrations, a new
commemorative banknote in five-cedi (GH¢5) denominations will be unveiled. This
banknote will be legal tender as well as a collector’s item. The note will have new
durable security features which can be easily identified by the public as well as
introduce other internationally acceptable security features which are sensitive to touch
to aid the blind and visually challenged in identifying the banknotes. The climax of this
celebration will take place in August 2017 which will mark exactly 60 years when Bank
of Ghana opened its doors to the public. The program for the celebrations will be
announced in due course”.
The Bank wishes to take this opportunity to assure the public, that the denominations
of the Ghana Cedi in circulation remain the following:
Issued by: Communications Department