currency growth

The growth of currency outside banks was strong in the last quarter of 2023, a reflection of an ease in inflation during the period. The figures from the Central Bank indicated that the money supply remained virtually unchanged from January 2023 to September 2023. According to the January 2024 Summary of Economic and Financial Data by the Bank of Ghana, the currency in circulation stood at the GH¢31.0 billion bracket between January 2024 and September 2023. It stood at GH¢31.0 billion in January 2023 and February 2023 respectively. It however shot up marginally to GH¢31.2 billion in March 2023 and…