Ghana: Bank of Ghana Reacts to Fitch Report On Country Rating

press release

The Bank of Ghana (BoG) prints currency once a year, usually in the fourth quarter, when demand for cash is highest, to cover cocoa purchases and Christmas activities, Dr Benjamin Amoah, Head, Financial Stability Department, BoG, has stated.

Dr Amoah explained that the issuing of currency by BoG was not to finance the government deficit, but to support general economic activity.

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