The Bank of Ghana spent GH¢675.4 million to print currencies in 2023.
According to its 2023 Annual Report and Financial Statement, this is a 107.4% increase over the GH¢325.64 million recorded in 2022.
The report also said the Central Bank also spent ¢7.32 million in 2023 on other currency management operations, as against ¢6.54 million in 2022.
Agency fees stood at GH¢6.136 million in 2023, as against GH¢4.75 million the previous year
This put the total currency issue expense in 2023 at ¢688.87 million.
GH¢44.55bn were in circulation in 2023
Overall, GH¢44.55 billion were in circulation in 2023, as against about ¢36.07 billion in 2022.
Concerning deposits in various currencies, GH¢29.7 billion cedis were cedi denominated, GH¢16.9 billion in dollars, GH¢988 million in pounds and GH¢4.68 billion in euros. Other currencies were estimated at ¢25.45 million.
In terms of the notes in circulation, GH¢12.32 billion of the GH¢200 note was in circulation in 2023. This is compared with GH¢9.87 million the previous year.
For the ¢100 note, GH¢14.57 billion were in circulation in 2023, as against GH¢8.69 billion in 2022.
The ¢50, ¢20 and ¢10 notes in circulation in 2023 were GH¢8.06 billion, GH¢5.06 billion and GH¢2.46 billion respectively.
On the other hand, GH¢1.09 billion, GH¢31.6 million and GH¢11.27 million of the ¢5, ¢2 and ¢1 notes were in circulation in 2023.
For the coins, ¢231.02 million of the GH¢2 was in circulation in 2023, as against ¢207.49 million of the GH¢1.
About the 50 pesewa, 20 pesewa and 10 pesewa coins, ¢253.56 million, GH¢120.99 million and GH¢54.64 million were in circulation last year.
Latest Stories
-
Ensure your nationwide protest is peaceful – IDEG, others to NDC
39 mins -
NDC demo: ‘Our security guys will deal with any threat we encounter’ – Mustapha Gbande
41 mins -
NDC demo: Approved routes for each region
47 mins -
Asantehene lauds Ewe community for contribution to development of Ashanti Region
1 hour -
Mahama vows to limit Ghana’s borrowing, improve debt transparency if elected
1 hour -
NDC holds nationwide “Enough is Enough” protest against EC today
2 hours -
NDC Demo: ‘If you know you can’t be peaceful, don’t come’ – Mahama
2 hours -
Ken Ashigbey urges NPP and NDC to join forces in galamsey fight as water crisis looms
2 hours -
Government moves to extradite former MASLOC boss from U.S. to serve 10-year sentence – Dep. AG
3 hours -
We were overwhelmed by 400 illegal miners during operation – Eastern Regional Minister reveals
3 hours -
Fashion meets Tecno at Ghana Menswear Week 2024
3 hours -
US Secret Service says it is aware of Musk post about Biden, Harris
4 hours -
US military says it completes Niger withdrawal
4 hours -
Blinken to travel to Egypt and discuss Gaza ceasefire
4 hours -
Nigeria’s state oil firm raises petrol prices again as Dangote fuel hits market
4 hours