The Bank of Ghana has added new Ghana cedi 100, 200 and Ghana cedi 2 coins to its currency denominations.
Specimens of the new notes where sent were shown to the public at a press conference which was addressed by Dr. Ernest Addison the governor of the Bank of Ghana on Friday.
The Bank of Ghana governor explained that it was necessary to introduce the new notes because the Ghana cedi has had its value eroded as compared to the US dollar.
He stated that the value of the Ghana cedi has reduced as compared to the US dollar for the past 12 years.
The exercise is expected to sure up the Ghana cedi and also aid in its stabilization against its major trading currencies.
The re-denomination exercise is also expected to result in introducing some level of efficiency into the country’s financial sector as the new denominations will be eliminating four zeros.
Former president of Ghana His Excellency John Dramani Mahama is 61 years old today and many have since been wishing him well.
Several politicians and celebrities on social media including a section of well-wishers of his have been sending him birthday messages.
Well, his wife the former first lady Lordina Mahama cannot be left out of the celebrations as she has penned down what we call “The romantic birthday message” to his husband.