According to the central bank, these cedi notes come back to their vault very torn and soiled making them difficult to process

The Bank of Ghana (BoG) says it is getting ready to phase out the GHC1 and GHC2 notes in circulation.

The BoG says these notes would be replaced by their respective coin.

Addressing a press conference after the MPC meeting Monday (27 September), 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.


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