The Bank of Ghana (BoG) has refuted claims that it was planning to introduce a Ghc500 coin.
The central bank is reacting to the information after social media was awash with stories of the said coin.
Dominic Owusu, the Bank of Ghana’s Director for Currency Management, dismissed the reports as false.
“When there is a currency issuance or change, the Bank of Ghana will come with an appropriate press release to inform the public. We saw on social media that the central bank will issue a GH¢500 note or coin, but the bank has not done any such thing. So it’s not true,“ Mr Owusu clarified.
“The central bank has not demonetised the one pesewa coin,” he said in a Joy News interview.
“We want the education out there for people to learn how to handle the cedi not to worn out. That’s why you journalists are here, and I want you to help the central bank in that quest. The bank is also doing its part and will make sure all is done to save the cedi”, Mr. Owusu added.