Dr. Johnson Asiama
The total amount of money in circulation increased from GH₵44.5 billion in 2023 to GH₵71.6 billion as at December 2024, according to the Bank Of Ghana (BoG).
The amount which was revealed in the 2024 Financial Statement of the Bank of Ghana on June 5, 2025, showed that the money in circulation was 60 percent more than what was in circulation in 2023.
The financial statements also indicated that GH₵200 notes denomination in circulation, had the highest value of GH₵24.3 billion in 2024 from GH₵12.3 billion in 2023.
Also the total value of GH₵100 notes in circulation increased to GH₵18.5 billion in 2024 from GH₵14.5 billion in 2023.
The GH₵20 notes in circulation, on the other hand remained the same at GH₵5 billion.
The statement showed that the Bank of Ghana also spent an amount of GH₵1 billion in 2024 to manage its currency increasing from GH₵688 million in 2023 while the total amount spent in printing new notes and minting coins increased from GH₵675 million in 2023 to GH₵986 million in 2024.
According to the Bank of Ghana GH₵14.4 million was spent in 2024 to finance the importation of foreign currencies to meet the demands of commercial banks and businesses in the country.
By Ebenezer K Amponsah