Categories: NEWS

GH¢2 note was meant to celebrate Kwame Nkrumah’s birthday and it has passed – Bank of Ghana


Read Time: < 1 minute

GH¢2 note was meant to celebrate Nkrumah’s birthday – Bank of Ghana

Dr Ernest Addision, the governor of the Bank of Ghana has said that another reason behind the decision by the central bank to phase out the GH¢2 note is because the note has served its purpose.

According to him, the notes were issued in remembrance of Kwame Nkrumah’s centenary birthday anniversary and with the event marked years ago, it is only right that the BoG stops its circulation.

“The GH¢1 note and GH¢2 note would eventually be phased out because they are not cost-effective in terms of the printing cost. They circulate very widely and come back very torn and soiled, and they are very difficult for our currency processing machines to process”.

He further said that “We have bales of GH¢1 notes that we are not able to process. So the view for the longer term is more or less get out of the GH¢1 and GH¢2 notes and use the GH¢1 and GH¢2 coins”.


Godfred Meba

View Comments

  • I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!

  • วันนี้เรามีความยินดีที่จะแบ่งปันเคล็ดลับกับผู้อ่านทุกท่านเพื่อเพิ่มโอกาสในการชนะในเกม UFABET ซึ่งมีทั้งความสนุกสนานและความตื่นเต้นที่ไม่เหมือนใคร! อย่างไรก็ตามก่อนที่จะขึ้นเรื่อง ขอแนะนำให้คุณเข้าใจหลักการและกฎเกมก่อนเพื่อที่จะเข้าใจถึงแผนการชนะที่ดีที่สุดเพื่อให้คุณสามารถทำประโยชน์จากการเล่นเป็นอย่างมาก!

  • 사용자의 조작에 즉각적으로 반응하는 직관적인 레이아웃은 물론입니다.

Recent Posts

Industrial Fisheries Sector Rejects Fisheries Bill

The Ghana Tuna Association (GTA), and the Ghana Industrial Trawlers Association, both representing the Joint…

8 hours ago

Asanko Gold Stokes Tension Again At Manso Tontokrom

Renewed tension is mounting in Manso Tontokrom, a mining community in the Amansie South District…

8 hours ago

GHANA SIGNS DEBT RELIEF PACKAGE WITH FRANCE WORTH 87.7 MILLION EUROS

BY: DANIEL ASARE Finance Minister, Dr. Cassiel Ato Forson has touted the country’s recovery from…

1 day ago

Lands Minister Extends Deadline for Small-Scale Mining License Rectification

The Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah (MP), has granted an…

1 day ago

KENNEDY AGYAPONG SPEAKS OUT!

Mr. Kennedy Agyapong Mr. Kennedy Agyapong, a presidential aspirant of the New Patriotic Party (NPP)…

1 day ago

PRATT CALLS FOR UNITED ACTION ON REPARATION

Mr. Kwesi Pratt, Jnr, a member of the Coordinating Committee of the Pan African Progressive…

2 days ago