The Bank of Ghana introduced a new 2-cedi coin, as well as new 100- and 200-cedi banknotes.

According to the bank, the new coin and notes have been introduced due to “sustained periods of high inflation and the perennial depreciation of the currency.”

Banknote News reports that existing 1- and 2-cedi notes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs.

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