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BoG prints GH₵1bn in 2 years, aims for 15% inflation in 2024

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The Central Bank printed a cumulative total of 1.024 billion cedis in banknotes in 2022 and 2023, the First Deputy Governor informed Parliament. Appearing before the Public Accounts Committee (PAC) on Monday, Dr. Maxwell Opoku-Afari, the First Deputy Governor of the Bank of Ghana, responded to a public interest question posed by the committee's chairman, James Avedzi, regarding the amount of currency printed in 2022 and 2023. He disclosed, "In 2023, we printed GH₵688 million, and in 2022, we printed GH₵336 million." He further elaborated on the prerequisites within the currency model that dictate when and how money is printed....
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