Business News of Wednesday, 10 June 2020Source: Class FMCurrency in circulation up 19.9% in 2019,312m spent on new currenciesFile photoTotal currency in circulation in 2019 jumped by 19.9% in 2019 to GH16.2 billion. Total notes were estimated at GHS16.01 billion, whereas total coins were estimated at GHS246.6 million. According to the Bank of Ghana’s 2019 Annual Report, the GHS50 note was the largest in circulation, estimated at GHS5.9 billion. The Bank, however, spent GHS312 million in 2019 to print new currencies in 2019 as against GHS153 million in 2018. It also spent GHS1.9 million on agency fees and GHC306 million was spent on printing the money.

Source: GhanaWeb June 10, 2020 10:52 UTC