Connect with us


BoG Spent ¢179m To Print Cedis In 2021



The Bank of Ghana’s 2021 Audited Financial Statement has revealed that it spent ¢179 million to print more cedis.

This is, however, far lower than the ¢347.8 million used in 2020.

According to the statement, ¢25.26 billion of cash was in circulation in 2021, compared with ¢23.3 billion in 2020.

This comprised ¢24.89 billion notes and ¢365,113 million coins.

In terms of the notes in circulation, ¢6.53 billion of the ¢200 note was in circulation in 2021. This is compared with ¢4.32 billion the previous year.

The ¢50 note followed, with ¢5.56 billion in circulation in 2021, as against ¢5.71 billion in 2020.

For the ¢100 note, ¢4.31 billion were in circulation in 2021 compared to ¢3.39 billion in 2019.

The ¢20 and ¢10 notes in circulation in 2021 were ¢4.89 billion and ¢2.44 billion respectively. This is against ¢5.42 and ¢2.99 billion respectively in 2020.

On the other hand, ¢874.31 million, ¢6.50 million and ¢239.97 million of the ¢5, ¢2 and ¢1 notes were in circulation in 2021. This is compared to ¢1.04 billion, ¢88.9 million and ¢179.03 million in 2020.

For the coins, ¢38.29 million of the ¢2 was in circulation in 2021, as against ¢42.89 million of the ¢1.

With regard to the 50 pesewa, 20 pesewa and 10 pesewa coins, ¢111.86 million, ¢110.72 million and ¢49.90 million were in circulation last year.

Copyright © 2020-GhanaFeed.Com-Ghana News, Breaking News, Original Reporting, News Analysis and Fearless Journalism.
GhanaFeed.Com is an independent news media providing original and unbiased online news reporting and news analysis. Our mission is to provide excellent fearless journalist. Through our team of trained journalists, we report on what you care about, break big stories that hold major institutions and political structures accountable for their actions, and expose injustices that change people's lives.