Ghana to Stop using GH¢1 and GH¢2 notes soon

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The GH¢1 and GH¢2 notes will before long be eliminated of the Ghanaian economy.

This was made known by the Governor of the Central Bank, Dr. Ernest Addison on Monday, September 27, 2021.

Dr. Addison said the two notes which are typically not fit will be supplanted by their particular coins.

“The GH¢1 note and GH¢2 note would ultimately be eliminated on the grounds that they are not financially savvy as far as the printing cost”.

“They circle broadly and return exceptionally torn and dirtied, and they are undeniably challenging for our cash preparing machines to measure”.

He further said that, “We have parcels of GH¢1 noticed that we can’t measure. So the view for the more drawn out term is pretty much escape the GH¢1 and GH¢2 notes and utilize the GH¢1 and GH¢2 coins”.

“You will review that the GH¢2 note was given as a dedicatory note. So dedicatory notes are not takes note of that we will proceed to print and subsequently what we have done over the most recent two years is to present the GH¢2 coins, and you would anticipate that, in the long run, it would pretty much assume the part that the GH¢2 note is playing”.

Ghana as of now has GH¢1, GH¢2, GH¢5, GH¢10, GH¢20, GH¢50, GH¢100 and GH¢200 in notes while one pesewa, ten pesewas, 20 pesewas, 50 pesewas, one cedi and two cedis are coins.

Source Ghnewsfile.com