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2019: GHS16bn was in circulation; GHS312m spent on new currencies

2019: GHS16bn was in circulation; GHS312m spent on new currencies

The total currency in circulation in 2019 jumped by 19.9% to GHS16.2 billion.

In 2018, the total currency in circulation was estimated at GHS13.3 billion.

Total notes were estimated at GHS16.01 billion, whereas total coins were estimated at GHS246.6 million.

According to the Bank of Ghana’s 2019 Annual Report, the GHS50 note was the largest in circulation, estimated at GHS5.9 billion.

The GHS200 and GHS100 new notes were about GHS276.7 million and GHS149 million, respectively, in circulation.

For coins, the 50 pesewa was the largest in circulation, estimated at GHS87 million.

The least was the one pesewa – GHS1.1 million in circulation.

The Bank, however, spent GHS312 million in 2019 to print new currencies that year as against GHS153 million in 2018.

The regulator, thus, spent GHS159 more to print the new currencies in 2019.

In the year under review, the Central Bank introduced two new banknotes – the GHS100 and GHS200.

It also spent GHS1.9 million on agency fees and GHS306 million on printing the currencies.

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