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$8.97 million spent on printing new GHS100, 200 notes

Printing the new GHS100 and 200 notes cost the government US$8.97million, Minister of Finance, Ken Ofori-Atta has disclosed.

The Minister for Finance made this known in Parliament on Tuesday, 17 March 2020.

Mr Ofori-Atta was answering questions from the Member of Parliament (MP) for Lambusie, Edward Dery.

He said: “The information obtained from the Bank of Ghana indicates that the cost of printing the 100 and 200 Ghana cedi notes was 8.97 million dollars. This is made of US$4.45 million and US$4.53 million for the 100 and 200 Ghana cedis.”

Mr Ofori-Atta stated that details of the cost of printing the new notes will be available in the financial statements of the Central bank which is expected to be published soon.

The Bank of Ghana (BoG) introduced new GHS100 and GHS200 notes on Friday, 29 November 2019.

The BoG also introduced GHS2 coin.

 Story by Naa Anyema Collison

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