The cost of producing and managing currency by the Bank of Ghana dropped sharply in 2025, according to its latest financial report.
Overall currency-related expenses fell from more than GH¢1 billion in 2024 to GH¢471 million in 2025.
The report shows that spending on printing banknotes and minting coins declined significantly from GH¢986 million in 2024 to GH¢277 million in 2025.
However, some costs increased. Agency fees rose to GH¢10.6 million, while other currency-related expenses jumped from GH¢14.6 million in 2024 to GH¢183 million in 2025.
Expenses on the importation of foreign currency rose from GH¢14.4 million in 2024 to GH¢16.5 million in the last year.
Meanwhile, the total amount of currency in circulation increased marginally from GH¢71.6 billion in 2024 to GH¢83.8 billion last year.
According to the Bank of Ghana, the currency in circulation represents the balance of banknotes and coins held by the general public and financial institutions, recorded at face value.
The liability for the notes and coins issued is the net liability after offsetting notes and coins held by the Bank, as explained in the central bank’s 2025 Financials.
