Bank of Ghana is set to release higher denominations, Ghs200 and Ghs100, as well as Ghs2 coin soon.
Dr. Ernest Addison, Governor of the Central Bank revealed this to Journalists during a press briefing Friday Morning.
According to Dr. Addison that the introduction of the higher denominations is to complement the existing series to ensure customer convenience and bring about efficiency in the printing of currency to generate savings for the country.
He noted that the higher denominations will reduce the dead-weight burden and high transaction cost in making high valued purchases in a cash-based economy like Ghana.
Ghana | Atinkaonline.com