• The central also spent GH¢7.9 million in 2020 on other currency management operations
• This was disclosed in the BoG's 2020 annual report and financial statements
The Bank of Ghana has disclosed it spent GH¢337.5 million towards the printing of currency notes in 2020 compared to GH¢306.2 million spent in 2019, a recent 2020 annual report has shown.
The report said the central bank has also spent GH¢7.9 million in 2020 on other currency management operations compared to GH¢3.9 million spent in 2019.
These figures, the BoG said, place the expense in the total currency issue recorded in 2020 at GH¢347.8 million.
On currency notes that were circulation for the period, the central bank recorded GH¢23.3 billion as compared to GH¢16.2 billion earlier recorded in 2019.
The report stated that on the deposits in various currencies front, the central bank recorded GH¢17.5 billion of cedi dominated notes, GH¢4.5 billion in dollars, GH¢320 million in pounds and ¢693.1 million in euros while other currencies recorded were estimated GH¢13.9 million.
See the full report below:
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