Total currency in circulation rose by 42.8% to about 35.584 billion in 2022.
According to the Bank of Ghana’s 2022 Annual Report, a total of ¢35.584 billion were notes and ¢494.173 million were coins.
About ¢9.8 billion of the currency in circulation in 2022 were denominated in 200 cedi notes. This is compared to ¢6.55 billion in 2021.
The 100 cedi note were estimated at ¢8.69 billion, higher than ¢4.31 billion recorded in 2021.
The 50 cedi note were also made up of ¢7.70 billion in 2022, as against ¢4.89 billion in 2021.
For the 20 and 10 cedi notes, the total money in circulation in 2021 were ¢5.13 billion and ¢2.69 billion respectively. This is against ¢4.89 billion and ¢2.44 billion registered a year before.
The 5, 2 and 1 cedi notes amounted to ¢1.32 billion, ¢7.6 million and ¢141 million respectively.
The total coins in circulation, however, were estimated at ¢494.17 million, higher than the ¢365.11 million recorded in 2021.
The 50 Ghana pesewa coin recorded the highest amount in circulation of ¢199.81 million. It was followed by the 20 Ghana pesewa coin which was estimated at ¢119.85 million.
The significant growth in currency in 2022, indicated that the government printed more money during the year under review.