Why Ghana prints its cedi notes abroad - BoG explains

Read Article

Comments (34)

This article is closed for comments.

Read Comments Comments (34)

Truth Table 1 month ago

If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved.

Romans 10:9
'_-__

If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved.

Romans 10:9
'_-__
Akos9 1 month ago

I think u have mental problem Truth Table, people are worried and looking for solutions to make Africans stand on their own foot and u are here talking about Jesus is lord dose Jesus has printing machine? There's time for eve ...
read full comment

I think u have mental problem Truth Table, people are worried and looking for solutions to make Africans stand on their own foot and u are here talking about Jesus is lord dose Jesus has printing machine? There's time for everything There's a time to talk about Jesus and there's a time to think critical and find solutions to our problem in physical realm.
Kwajo 1 month ago

Thank you!

Thank you!
Kojo antwi 1 month ago

How can our neighbors Nigeria print their money but we as Ghanaians can't? I am dissapointed at Ghana

How can our neighbors Nigeria print their money but we as Ghanaians can't? I am dissapointed at Ghana
Agbeli Kumordziì 1 month ago

The west wznt to be looking into our pockets
A d charge Africa governments more money

The west wznt to be looking into our pockets
A d charge Africa governments more money
Aa 1 month ago

I dont think africans are equal to whites or asians

I dont think africans are equal to whites or asians
Ghanaman 1 month ago

It's high time we started using plastic banknotes. They last much longer than paper ones, especially in our humid, dirty environment. Though they are more expensive, it saves money in the long run.

It's high time we started using plastic banknotes. They last much longer than paper ones, especially in our humid, dirty environment. Though they are more expensive, it saves money in the long run.
ST Ghfuo: Canadians are dishonest, Dont judge a book by looks 1 month ago

Kwasia, you have been borrowing since nkrumah and not paying what do you think will happen? Still borrowing..that's why the economy in Ghana is always stagnant only corruption spending is what bringing any fiscal movement int ...
read full comment

Kwasia, you have been borrowing since nkrumah and not paying what do you think will happen? Still borrowing..that's why the economy in Ghana is always stagnant only corruption spending is what bringing any fiscal movement into the country buying nnselling..no.production, no monetary investment from foreigners or locals. No equity investments into gh businesses..Ghana is now reliant on remittances and galamsay to sustain the economy
ST Ghfuo: Canadians are dishonest, Dont judge a book by looks 1 month ago

Imf and world bank owns the country

Imf and world bank owns the country
Kofi Antubam 1 month ago

So which African countries do print their currencies ? And what prevents us from acquiring the expertise and printing for others? Isn't it business? A very good one?

So which African countries do print their currencies ? And what prevents us from acquiring the expertise and printing for others? Isn't it business? A very good one?
Kwame 1 month ago

Oh! Ghana!!!

Oh! Ghana!!!
Kwame 1 month ago

But Ernest Addison printed money. Do a FACT CHECK

But Ernest Addison printed money. Do a FACT CHECK
Seniorman 1 month ago

Nothing prevents us from acquiring the skills and technology printing for others.

Nothing prevents us from acquiring the skills and technology printing for others.
Kofi 1 month ago

Eiiiiiii. Those who would acquire the skills and go to purchase the machine will buy double machines oooo. They will print saaa in their rooms and use some for pavement, compounds, walkways in their homes.. Even those managin ...
read full comment

Eiiiiiii. Those who would acquire the skills and go to purchase the machine will buy double machines oooo. They will print saaa in their rooms and use some for pavement, compounds, walkways in their homes.. Even those managing church monies are stealing and giving us motivational speeches.
Citizen K 1 month ago

It means that the cedi is even imported. Why won't it depreciate.

It means that the cedi is even imported. Why won't it depreciate.
A Pan-African 1 month ago

Complete nonsense explanation

Complete nonsense explanation
Mr. Smith 1 month ago

Oh yes Pan African. Total nonsense explanation! The Rothschilds have the monopoly of printing EVERY currency note on earth including the US dollar and the British pound including the Euro. The US dollar is backed by nothing b ...
read full comment

Oh yes Pan African. Total nonsense explanation! The Rothschilds have the monopoly of printing EVERY currency note on earth including the US dollar and the British pound including the Euro. The US dollar is backed by nothing but thin air. How on earth can Ghana being the sixth largest producer of gold in the world have our Cedi devalued??!!
I mean HOW?? The US use arms to strengthen the dollar. So do you think there will ever be peace in this world or on this planet?
Koo Manu 1 month ago

Not true. The US dollar is printed by the Bureau of Engraving and Printing (BEP) a US government agency. It's open to the public during business hours in DC and in DFW areas. The US dollar is not backed by thin air but by the ...
read full comment

Not true. The US dollar is printed by the Bureau of Engraving and Printing (BEP) a US government agency. It's open to the public during business hours in DC and in DFW areas. The US dollar is not backed by thin air but by the full faith and trust of the United States government, its economy, its ability to generate revenue through taxes and debt. If the government is in shambles, then so goes the dollar.
Oman Ghana 20 marks 1 month ago

Oh very sad. Look at the body language with the explanation. He was so proud to explain that we outsource or print our currency from outside.

Oh very sad. Look at the body language with the explanation. He was so proud to explain that we outsource or print our currency from outside.
kwabena martin 1 month ago

Why do we always depends on foreign things than our own. Why do we always listen to white man's manupulations. Ourvleaders can't say NO to white man nonsense. We can't use the money we pay to them to buy the machine?

Why do we always depends on foreign things than our own. Why do we always listen to white man's manupulations. Ourvleaders can't say NO to white man nonsense. We can't use the money we pay to them to buy the machine?
Kwesi 1 month ago

It's not about the technology but rather control. Those Britton Wood institutions would want to know how much was printed and for what purposes.

It's not about the technology but rather control. Those Britton Wood institutions would want to know how much was printed and for what purposes.
Non-Aligned 1 month ago

Very sad!

Very sad!
Bongo 1 month ago

How long is this going to continue?

How long is this going to continue?
Non-Aligned 1 month ago

And we claim to be an sovereign state? Look at him with his flimsy, mediocre and gullible explanation!!
What a sorry state we're in! If someone else prints your own money how do you really see yourself? Remotely enslaved? My ...
read full comment

And we claim to be an sovereign state? Look at him with his flimsy, mediocre and gullible explanation!!
What a sorry state we're in! If someone else prints your own money how do you really see yourself? Remotely enslaved? My goodness!!! When koraa????
Uncle Attah 1 month ago

Like All NPP Mpanimfo will have printing machines under their beds

Like All NPP Mpanimfo will have printing machines under their beds
Prudhomme - Utter ignorance in Ghanaians 1 month ago

How many times does Ghana print currency in a year? The machines will be sitting idle for most part of the year. Also all the materials would have to be imported each time. The guy forget to explain the cost effectiveness in ...
read full comment

How many times does Ghana print currency in a year? The machines will be sitting idle for most part of the year. Also all the materials would have to be imported each time. The guy forget to explain the cost effectiveness in outsourcing our currency printing. Factor the cost to repair and maintain these machines. Common MRI systems in hospitals sit idle for years due to necessary repairs. Come on Ghanaians, do some more thinking.

The next problem is control, considering how corrupt we Ghanaians are! Look at our passport office, Customs, the DVLA and other agencies and enumerate their corruptible activities.

Please keep using a printing company outside Ghana!
John Doe 1 month ago

Printing money here in Ghana with NPP in power then you will buy common 1 pure sachet water for Ghc60. The people are so CRIMINAL from president to the sweeper.
Ghanaian help let keep NPP out from power for good. They are e ...
read full comment

Printing money here in Ghana with NPP in power then you will buy common 1 pure sachet water for Ghc60. The people are so CRIMINAL from president to the sweeper.
Ghanaian help let keep NPP out from power for good. They are evil
International standard Gh cedi 1 month ago

Sorry to ask, do we use our cedi outside our shores?
Dollar here dollar there, pounds here pounds there.
I think we are making a mockery of ourselves by printing international standard money that has no recognition outsid ...
read full comment

Sorry to ask, do we use our cedi outside our shores?
Dollar here dollar there, pounds here pounds there.
I think we are making a mockery of ourselves by printing international standard money that has no recognition outside Ghana.
Frank Weytjens 1 month ago

The location where it is printed is of little to no importance. Who decide how much to print, is what counts.

The location where it is printed is of little to no importance. Who decide how much to print, is what counts.
Bitter truth 1 month ago

No wonder Africa is still poor..in 2025, why must someone print your money..Aaba, am so sure God has really regretted creating Africans as humans because the brain of the average African is not working..the money that u will ...
read full comment

No wonder Africa is still poor..in 2025, why must someone print your money..Aaba, am so sure God has really regretted creating Africans as humans because the brain of the average African is not working..the money that u will spend in your country too, someone has to print for u..chai..
Kk 1 month ago

Osei Kwame despite has the machine in China

Osei Kwame despite has the machine in China
PLEASE LET GHANA 'S PRESIDENT KNOW ABOUT THIS 1 month ago

There is an entourage of white people coming to Ghana for state visit and investment. Please tell Ghana's President Mr. John Mahama not to shake their hands nor signature any agreement with these white people, because some of ...
read full comment

There is an entourage of white people coming to Ghana for state visit and investment. Please tell Ghana's President Mr. John Mahama not to shake their hands nor signature any agreement with these white people, because some of them are NOT HUMAN BEINGS. If possible, let the meeting of these white people be held outdoors and not indoors. The agenda of these group of white people is to come to Ghana and BEWITCH the President and everyone around him into signing an investment agreement that looks progressive and luxurious on paper, but would later in the future sell the entire Ghana to every white person on Earth. This particular investment agreement if signed, would rob Ghanaians of everything they own yesterday, today and forever. Ghana's history from independence till date and Africa's rise to total freedom is what is driving some of these corrupt white investors to Africa, caution must seriously be applied. Please tell Ghana's President not to even listen to the freemason Ashanti King nor the Powerful Ga Mantse nor any African business mogul, because these specific group of white people will try all means to convince the President Mr. Mahama into signing that RECOLONIZATION investment agreement. Let every Ghanaian especially the Ghanaian media keep a strong eagle eye on the President and his government, so they don't fail in their governance and allegiance to the Ghanaian people. If possible, Ghana must enact a new law that forbids every Ghanaian government (present and future) and the private sector from selling and long term leasing of Land, Natural Resources and Properties to foreigners and their investment companies. Long Live GHANA and AFRICA!
Elvis 1 month ago

This excuse is nonsense to me. Ghana must always be amongst the elite of nations in everything. Even if it's only 2 countries that print, Ghana must be one of the 2. We can't settle for any form of mediocrity.

The norther ...
read full comment

This excuse is nonsense to me. Ghana must always be amongst the elite of nations in everything. Even if it's only 2 countries that print, Ghana must be one of the 2. We can't settle for any form of mediocrity.

The northern part of Ghana wouldn't have seen electricity many years if Jerry Rawlings had accepted the flimsy excuse by engineers at the time that it wasn't gonna be possible considering the distance. He pushed them to go n make it happen or consider themselves fired. The resultant effect of that is what the North is enjoying now.

We definitely not buying this bulshit of "lack of expertise". We in 2025 for crying out loud.
Mic 1 month ago

Day one of this OSP and knew he would sell people to impress the President soldiers call that eyes service and he is full of that he should be sacked immediately to save the President if he is not seeing. I don’t believe in ...
read full comment

Day one of this OSP and knew he would sell people to impress the President soldiers call that eyes service and he is full of that he should be sacked immediately to save the President if he is not seeing. I don’t believe in sacking but this is too much of the OSP. We are in democracy and a civil society but this OSP is turning things upside down he should be investigated because he can’t be throwing dust in to over 30 million Ghanaians

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

News

Why Ghana prints its cedi notes abroad - BoG explains

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (34)

Read Comments Comments (34)