Benefits
• Reduction in cost and overall risks of carrying large volumes of notes.
• Efficiency in payments systems, in particular, ATMs.
• Simplification of accounting records and the ease of expressing monetary values.
• Re-introduction of the culture of using coins in Ghana.
• Conversion of ¢5000 and below into coins would increase the efficiency of banknote processing systems and improve the overall quality of banknotes in circulation.
• Significant reduction in transactions volume.
• Facilitating the introduction of the use of vendor machines and car parking meters.

• Promoting tourists expenditures.
• Significant gains in cost of banknote production.

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