General News of Friday, 29 November 2019Source: citinewsroom.com‘A lot of thinking’ went into introduction of higher denominations – BoGGovernor of the Bank of Ghana, Dr Ernest AddisonThe Bank of Ghana says it went through a thorough thinking process before arriving at the decision to introduce GH¢100, GH¢200 notes and GH¢2 coins. The Central Bank said it consulted broadly and conducted a survey that indicated a demand for the higher denomination of banknotes. “A lot of thinking went into the decision to introduce the higher denomination banknotes,” the Governor of the Bank of Ghana, Dr. Ernest Addison said at a press conference on Friday. “The structure of the banknotes should align well with the needs of the people who use it for their dailytransactions. “International best practice requires them to review it at intervals of between 5 and 10 years,” he added.

Source: GhanaWeb November 29, 2019 11:48 UTC