Statistics & Publication
POST RE-DENOMINATION SURVEY OF BANKS, CONSUMERS AND RETAILERS
Monday, 31 August 2009 00:00
In July 2007, the Cedi was re-denominated by removing four (4) zeros such that the ¢10,000 note was made equivalent to a new GH¢1 note. Among the expected benefits were that the re-denomination exercise would result in a reduction in transactions costs and overall risks of carrying large volumes of notes and also simplify accounting records.

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