{"id":1808,"date":"2019-08-22T14:47:03","date_gmt":"2019-08-22T14:47:03","guid":{"rendered":"https:\/\/www.africa-press.com\/ghana\/?p=1808"},"modified":"2019-08-22T14:47:03","modified_gmt":"2019-08-22T14:47:03","slug":"bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018","title":{"rendered":"BOG spent GH\u00a2153 million on printing cedi notes in 2018"},"content":{"rendered":"

The cost incurred last year was 33 percent lower than the GH\u00a2224.7 m incurred in 2017<\/strong><\/p>\n

The Bank of Ghana last year spent more than GH\u00a2153 million to print the country\u2019s legal tender, the cedi.\u00a0<\/strong><\/p>\n

The amount spent includes the actual cost of printing the legal tender, fees paid to the agency that supervised the printing process as well as what the central bank describes as other currency expenses.<\/p>\n

According to the central bank\u2019s 2018 annual report, the total cost of printing was around GH\u00a2146.7 million while an amount of GH\u00a22 million was paid as agency fees with more than GH\u00a24 million spent on other expenses.<\/p>\n

The cost incurred last year was 33 percent lower than the GH\u00a2224.7 million cost the Bank of Ghana incurred in 2017 to print the local currency.<\/p>\n

Since 2012, the cost of printing the legal tender has moved from GH\u00a27.4 million to about GH\u00a2146.7 million, representing a more than 1,880 percent growth over the period.<\/p>\n

Cumulatively, between that period, the Bank of Ghana has spent in excess of GH\u00a2776.2 million in the actual cost of printing the cedi.<\/p>\n

Meanwhile, agency fees paid during the period under review has gone up from GH\u00a2769,000 to about GH\u00a22 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cost incurred last year was 33 percent lower than the GH\u00a2224.7 m incurred in 2017 The Bank of Ghana last year spent more than GH\u00a2153 million to print the country\u2019s legal tender, the cedi.\u00a0 The amount spent includes the actual cost of printing the legal tender, fees paid to the agency that supervised the […]<\/p>\n","protected":false},"author":66,"featured_media":1809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[135,1118,1117],"class_list":["post-1808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-bank-of-ghana","tag-gh153-million-on-printing-cedi-notes","tag-the-central-banks-2018-annual-report"],"yoast_head":"\nBOG spent GH\u00a2153 million on printing cedi notes in 2018 - Ghana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh\u00a2153-million-on-printing-cedi-notes-in-2018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOG spent GH\u00a2153 million on printing cedi notes in 2018\" \/>\n<meta property=\"og:description\" content=\"The cost incurred last year was 33 percent lower than the GH\u00a2224.7 m incurred in 2017 The Bank of Ghana last year spent more than GH\u00a2153 million to print the country\u2019s legal tender, the cedi.\u00a0 The amount spent includes the actual cost of printing the legal tender, fees paid to the agency that supervised the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh\u00a2153-million-on-printing-cedi-notes-in-2018\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T14:47:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/2019\/08\/99867576.295.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"francis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"francis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018\"},\"author\":{\"name\":\"francis\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/3687592f7713dc6c826cf5bbd0e55bca\"},\"headline\":\"BOG spent GH\u00a2153 million on printing cedi notes in 2018\",\"datePublished\":\"2019-08-22T14:47:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/2019\/08\/99867576.295.jpg\",\"keywords\":[\"Bank of Ghana\",\"GH\u00a2153 million on printing cedi notes\",\"the central bank\u2019s 2018 annual report\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/bog-spent-gh%c2%a2153-million-on-printing-cedi-notes-in-2018\",\"name\":\"BOG spent GH\u00a2153 million on printing cedi notes in 2018 - 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