Connect with us

News

Bank Of Ghana Reveals It Spent Ghc 153 Million In Printing New Cedi Notes

Published

on

Ghanaians since last week have expressed their dissatisfaction with the current government and the Bank of Ghana(BoG) after it revealed that it was planning to introduce 100ghc, 200ghc as well as 2ghc coin into the system.

Well, a report by the BoG has it that they spent a whopping amount of Ghc 153 million in printing these new currency notes.

The central bank’s report gave the breakdown as follows; the total cost of printing was around GH¢146.7 million while an amount of GH¢2 million was paid as agency fees with more than GH¢4 million spent on other expenses.

According to a source, the expenditure also includes the fees paid to the agency that supervised the printing process, the actual cost of printing the legal tender, and other currency expenses.

The BoG spent 33% less in printing the country’s legal tender in 2018 as compared to the GH¢224.7 million cost incurred in 2017 to print same.

Statistics by the BoG further revealed that, since 2012, the cost of printing the legal tender has moved from GH¢7.4 million to about GH¢146.7 million, representing a more than 1,880% growth over the period.

Cumulatively, between that period, the Bank of Ghana has spent in excess of GH¢776.2 million in the actual cost of printing the cedi. Meanwhile, agency fees paid during the period under review has gone up from GH¢769,000 to about GH¢2 million.

The governor of the Bank of Ghana, Dr. Ernest Addison, last Friday, November 29 announced the introduction of the GHC 100, GHC 200 notes and Ghc 2 coins.

He told the media at a press briefing that a lot of thinking went into the decision to introduce the higher denomination banknotes.

According to the governor, the introduction was aligned well with the needs of the people. “We need banknotes and coins that are convenient for most people to use, high quality, secure and cost-effective.

Accordingly, in March 2017, the Bank of Ghana begun a process of conducting a thorough review of the structure of the currency including on the note/coin boundary and acceptability and use of the individual currency series,” Dr Addison said.

It is, however, not yet known how much it cost the central bank to print the new GH¢100 and GH¢200 and GH¢2 coins.

Facebook Comments

Kubidyza is a Global Celebrity Blogger, Music Promoter and a Social Media Influencer | Most Influential Blogger In Ghana For Bookings: Kubinho80@gmail.com

News

Video Of Slay Queen, Ama Coke Being ‘Chopped’ In A Swimming Pool Hits Online | WATCH

Published

on

Ama Coke

A video of popular Facebook Slay Queen, Ama Coke being chopped in a swimming pool at a get together has surfaced on social media and fast going viral on all the media platforms.

In the video, Ama Coke was with a man in a swimming pool and despite the several people gathered, they rocked it.

Ama Coke was pinned to the swimming pool wall as the man rams into her as his life depended on it.

From what KUBILIVE has obtained in addition to some very crazy photos, the two met at a get together held at Afrikiko in Akosombo.

Watch below.

View this post on Instagram

What is going on here?

A post shared by Ghpage TV (@ghpage_tv) on

Facebook Comments
Continue Reading

News

I Can’t Clean, Can’t Iron, Can’t Cook : Jose Mourinho Explains Why He Chose To Live For 3 Years In A Hotel Than Living In His Own House While At Man Utd

Published

on

Jose Mourinho

Tottenham manager Jose Mourinho has reflected on his time as manager of Manchester United and says he has no regrets of his time at the club.

Mourinho was often criticized by club fans for not renting or buying a house while at Manchester but rather chose to live in a hotel for the 3 years he spent at the club, with fans believing he never really saw his long term future at the club that was what he never got a house.

I can

But Mourinho who now coaches Tottenham and lives in his own house with his wife and kids in London, has stated that he didn’t buy a house in Manchester because of he was not able to do domestic duties and that he would have never been a happy man if he had to live alone.

‘Is it strange (that I stayed in a hotel)?’ he asked. When the question was put to him by reporters ahead of Man U’s clash with Tottenham .

‘You know how I would be unhappy? I would be unhappy if I was in a house on my own.

‘I would have to clean, I don’t want to. I would have to iron, I don’t know how to. I have to cook, I would cook fried eggs and sausages — that’s the only thing I can do.

‘I would be very unhappy. I lived in an amazing apartment, it was not a room. It was mine all the time. It was not like after one week I had to leave.

‘No, it was mine. I left everything there, I had my television, my books, my computer. It was a flat, but with, “Bring me a coffee latte, please,” or, “I don’t want to go down for dinner, bring my dinner up”. I had everything. If I was in an apartment alone it would be more difficult. I was fine, more than fine.’

Mourinho still insists he had a good time at Manchester United and even carried photographs from his time at Man United to his new office in Tottenham’s training ground.

‘It was good because I managed to win something, some nice things and do some nice things. On the opposite side, I learned and I think I’m a better coach now.’

With me it’s about the fans but also about the people that I worked with. The fact I can get on my phone and speak with (United director) Richard Arnold, the fact Ed Woodward can call me to wish me good luck. The fact the kitchen man, chef, calls me to ask me how I am. This kind of thing, I had it at every club and that for me is the best thing.’

Facebook Comments
Continue Reading

News

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: Jose Mourinho Loses On His First Visit To Old Trafford Since Sack While John Terry And Frank Lampard Unite

Published

on

Jose Mourinho

In what could certainly be categorized as the best performance from Man U (maybe the 4-0 win against Chelsea this season), Manchester United beat Tottenham 2-1 in the English Premier League on Wednesday night.

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

There was a big fist pump from Ole Gunnar Solskjaer at the final whistle, with waves towards the home crowd and every spectator could see how much the win meant to him especially after the poor performance against Villa during the weekend.

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Such was the classiness of the tactics delivery by Solksjaer, the tidiness of Man U’s defence and the self belief instilled on the Man U squad, they knew only a win in such an encounter would suffice.

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Jose Mourinho, coach of Man U less than 9 months ago, must have been disappointed with the result because this was his opportunity to show his former employers that they made a mistake sack him- rather it was the under-fire Solksjaer who was the happier of the two.
England midfielder, Dele Alli scored during a counter attack to equalise for Spurs after Rashford had opened the scoring in just seven minutes for United then Rashford, Man U’s highest goal scorer of the season restored United’s lead from the penalty spot after half-time …Tottenham tried to pounce and pounce, but United were so resolute defensively you would think Mourinho was coaching the Reds.

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Away from Manchester, in London, Chelsea FC had to hold their nerves at the last five minutes to beat a resolute Aston Villa 2-1.

Chelsea’s match meant a lot to two individuals – John Terry and Tammy Abraham.

For Aston Villa’s assistant coach,  John Terry, he was facing a team he had possibly won all trophies with, with ironically Chelsea’s current manager Frank Lampard while Abraham was playing against the team he helped qualify to the EPL and made a name for himself in the championship last season.

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Tammy Abraham scored as  he nodded home from youngster Reece James’ cross then Villa retaliated just before half time through Trezeguet  who scored the goal.

In the early stages of the second half, youngster Mason Mount rifled home a superb volley to make it 2-1..

More photos below.

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Man U. 2-1 Tottenham, Chelsea 2-1 Aston Villa: (Jose Mourinho loses on his first visit to Old Trafford since sack while John Terry and Frank Lampard unite

Facebook Comments
Continue Reading

ads




Like Facebook Page

Trending

Trending

Follow me on Twitter

Trending

Trending

Trending

Trending

Trending

Trending

Trending This Week

Latest Stories

Viewer’s Choice

Viewer’s Choice

Viewer’s Choice

Trending