GHC1 And GHC2 Notes To Be Removed From The System - BoG

The BoG says the GHC1 And GHC2 notes would be replaced by their respective coin.

GHC1 And GHC2 Notes To Be Removed From The System - BoG

The BoG says the GHC1 And GHC2 notes would be replaced by their respective coin.

Addressing a press conference after the MPC meeting Monday, September 27, 2021, the Governor of the Bank of Ghana, Dr. Ernest Addison said, “Both the GHC1 note and the GHC2 note would eventually be phased out because they are not cost-effective in terms of the printing cost.

“Notes that circulate vary widely and they come back very torn and soiled and they are very difficult for our currency processing machines to process them.”