{"id":186226,"date":"2024-06-03T13:41:10","date_gmt":"2024-06-03T13:41:10","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/03\/bank-of-ghanas-cost-of-printing-currencies-went-up-by-107-report\/"},"modified":"2024-06-03T13:41:10","modified_gmt":"2024-06-03T13:41:10","slug":"bank-of-ghanas-cost-of-printing-currencies-went-up-by-107-report","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/03\/bank-of-ghanas-cost-of-printing-currencies-went-up-by-107-report\/","title":{"rendered":"Bank of Ghana\u2019s cost of printing currencies went up by 107% \u2013 Report \u2013"},"content":{"rendered":"

<\/p>\n

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The 2023 Annual Report and Financial Statement released by the\u00a0Bank of Ghana\u00a0has revealed that the bank spent GH\u00a2675.4 million to print currencies in 2023.<\/p>\n

The report stated that the amount represents a 107.4% increase over the GH\u00a2325.64 million recorded in 2022.<\/p>\n

Additionally, the report noted that the Central Bank spent GH\u00a27.32 million in 2023 on other currency management operations, compared to GH\u00a26.54 million in 2022.<\/p>\n

Agency fees amounted to GH\u00a26.136 million in 2023, up from GH\u00a24.75 million the previous year.<\/p>\n

This resulted in a total currency issuance expense of GH\u00a2688.87 million in 2023, according to the report.
The report also indicated that GH\u00a244.55 billion were in circulation in 2023.<\/p>\n

Overall, GH\u00a244.55 billion was in circulation in 2023, compared to approximately GH\u00a236.07 billion in 2022.<\/p>\n

Regarding deposits in various currencies, there were GH\u00a229.7 billion in cedis, GH\u00a216.9 billion in dollars, GH\u00a2988 million in pounds, and GH\u00a24.68 billion in euros. Other currencies totaled GH\u00a225.45 million.<\/p>\n

In terms of notes in circulation, GH\u00a212.32 billion of the GH\u00a2200 note was in circulation in 2023, compared to GH\u00a29.87 billion the previous year.<\/p>\n

For the GH\u00a2100 note, GH\u00a214.57 billion was in circulation in 2023, versus GH\u00a28.69 billion in 2022.<\/p>\n

The GH\u00a250, GH\u00a220, and GH\u00a210 notes in circulation in 2023 amounted to GH\u00a28.06 billion, GH\u00a25.06 billion, and GH\u00a22.46 billion, respectively.<\/p>\n

Additionally, GH\u00a21.09 billion, GH\u00a231.6 million, and GH\u00a211.27 million of the GH\u00a25, GH\u00a22, and GH\u00a21 notes were in circulation in 2023.<\/p>\n

For coins, 231.02 million of the GH\u00a22 coin were in circulation in 2023, compared to 207.49 million of the GH\u00a21 coin.<\/p>\n

Approximately 50 pesewa, 20 pesewa, and 10 pesewa coins \u2014 GH\u00a2253.56 million, GH\u00a2120.99 million, and GH\u00a254.64 million, respectively, were in circulation last year.<\/p>\n

Source:\u00a0<\/strong>rainbowradioonline.com<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The 2023 Annual Report and Financial Statement released by the\u00a0Bank of Ghana\u00a0has revealed that the bank spent GH\u00a2675.4 million to print currencies in 2023. The report stated that the amount represents a 107.4% increase over the GH\u00a2325.64 million recorded in 2022. 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