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Government spent $8.97 million to print 100, 200 cedi notes- Minister

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The Government of Ghana has spent $8.97 for the printing of the new one hundred (GH¢100) and two hundred (GH¢200) Cedi notes.

According to the Minister of Finance, Ken Ofori Atta, “information obtained from the Bank of Ghana shows that the cost of printing the ¢100 and ¢200 notes is US$8.97 million.”

This, he said, was made up of $4.45 million and $4.53 million for the GH¢100 and the GH¢200 notes respectively.

The Finance Minister, who was responding to questions asked by MP for Lambussie, Edward Kaale-Ewola Dery, on the process, said: “an amount of $5.39 million of the total contract sum has been paid.”

He added that, “the Bank of Ghana is in the process of finalising their financial statements for 2019. Further details of the cost of currency management will be provided in the Bank’s financial statements.”

Story filed by Edzorna Francis Mensah.

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