BANK OF GHANA ACT - 2002 (ACT 612)

    Section - 37 - Unit and denomination and form of currency

    (1) The unit of currency shall be the Cedi which shall be divided into one hundred pesewas, one pesewa being one hundredth part of a cedi.

    (2) The Bank shall issue currency notes and coins of the denominations that are approved by the Board.

    (3) Currency notes and coins issued by the Bank shall be of the forms and designs that are approved by the Board.

    (4) The standard weight and composition of coins issued by the Bank and the amount of remedy and variation shall be determined by the Board.

    (5) The currency issued by the Bank shall be printed or minted by the Bank or under the authority of the Bank.