Bank of Ghana Printing Money Cost 2025 Drops by 72% Explain

There were several changes in the financial position of the Bank of Ghana in 2025; one of the major ones was an impressive drop in the cost of printing currency.

Bank of Ghana printing money cost, The Bank of Ghana revealed that the total amount of money spent on printing currency had dropped by less than half a billion cedes in 2025, even though there was a rising demand for cash.

Printing of Money Cost and Coinage: Major Decrease

Due to the drop in the costs involved, there occurred a reduction in the cost of printing the money. There was a significant decrease in the cost of printing the money by 72%, from 986 million cedis to 277 million cedis.

This suggests the Bank of Ghana has implemented improved practices in the production of currency, including:

Improved inventory management
Reduced need for replacement notes
Use of a wider variety of cost minimization techniques

Some Savings Are Offset by Increased Operational Expenses

Despite a significant decrease in production costs, the remainder of the currency management system continues to exhibit an opposite trend.

The agency charges went up slightly to GH¢10.6 million
The foreign currency import expenses jumped from GH¢14.4 million to GH¢16.5 million
Various other costs associated with the management of currencies skyrocketed from GH¢14.6 million to GH¢183 million

Such increases reflect rising operational and logistical challenges, which somewhat counterbalance the savings achieved through reduced printing and minting costs.

Cash in Circulation Continues Its Expansion

In spite of the adopted measures, the demand for physical currency kept on rising.

The volume of currency in circulation increased by 17%, amounting to GH¢71.6 billion in 2024 and GH¢83.8 billion in 2025.

The Bank of Ghana explains that currency in circulation equals the total monetary value of banknotes and coins in possession of individuals and financial organizations, but not the cash in the central bank’s vaults.

Implications for the Economy of Ghana

This information points towards changes in the way the country manages its physical currency.

While there are improvements in production efficiency on the part of the central bank, the rising costs associated with it also mean that the process is not easy.

Additionally, the reduction in the cost of production along with increased circulation, means that the cash-dependent nature of economic activities has persisted regardless of the increasing use of e-payments.

Conclusion

This new set of figures released by the Bank of Ghana is indicative of a clear change in the way the country is approaching its currency. While it is becoming easier to print, the process of handling it remains difficult.