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BANK OF GHANA(BoG) TO REPLACE GHC1 AND GHC2 WITH COINS RESPECTIVELY.
By The Cry Of Faith
27th September, 2021
Bank of Ghana
The Bank of Ghana (BoG) says it is getting ready to phase out the GHCL and GHC2 notes in circulation.
The BoG Says these notes would be
replaced by their respective coin
Addressing a press conference after theMPC meeting Monday (27 September), the Governor of the Bank of Ghana, Dr Ernest Addison said, *Both the GHC1 note and the GHC2 note would eventually be phased out because they are not cost-effective in terms of the printing cost.
Notes that circulate very widely and
they come back very torn and soiled and they are very difficult for our currency processing machines to process them.
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Good keep it up with the articles