Public Notices
Public Notices
Technical Guidelines on the Redenomination of the Cedi
Monday, 11 June 2007 00:00

In accordance with Section 41 (4) of the Bank of Ghana Act 2002, (Act 612), the Bank of Ghana hereby announces for the information of Banks, rural banks, savings and loans companies, other financial institutions and the general public the following guidelines on the implications of the re-denomination of the cedi as regards consumer pricing, exchange rate quotations, accounting systems and banking transactions.

 

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Redenomination of the Cedi
Monday, 04 June 2007 00:00

The current note regime places significant deadweight burden on the economy. This comes in several forms such as the high transaction costs at the cashiers, general inconvenience and high risks involved in carrying loads of currency for transaction purposes, increasing difficulties in maintaining bookkeeping and statistical records and ensuring compatibility with data processing software, and the strain on the payments system, particularly the ATMs.

 

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Redenomination of the Cedi (FAQs)
Monday, 04 June 2007 00:00

The Bank of Ghana is planning to redenominate the current cedi by setting ten thousand cedis to one new Ghana Cedi (GH¢), which will be equivalent to one hundred Ghana Pesewas (Gp). That is ¢10,000=GH¢1=100Gp. New notes and coins will be issued to replace the existing notes and coins over a period of at least 6 months.

 

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Presentation on the New Family of Ghana Cedi Notes and Ghana Pesewa Coins
Thursday, 03 May 2007 00:00

Members of the Board, Managing Directors of Banks, Ladies and Gentlemen, let me welcome you to this short ceremony which we consider landmark in the re-denomination exercise. The introduction of the Ghana cedi notes and coins and the Ghana pesewa coins is a monetary measure to underpin the regime of stability observed for some time now.

 

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