There are controversies over the printing of the new GHC 5 note. Ghanaians are asking the Central Bank to reveal the details of printing the new notes.
However, there are concerns over the printing cost and whether or not the BoG organized a competitive bidding process for awarding the printing contract.
This development some Ghanaians say is likely to end up in a fierce parliamentary debate akin to the 2007 cedi re-denomination exercise.
Most people are unaware of the cost of printing the new notes. They have also expressed their dissatisfaction with the inadequate public briefing by the Bank of Ghana (BOG) on the printing.
The printing of the new currencies in 2007, generated a heated debate with respect to the cost, the then BOG Governor, Dr. Paul Acquah, could not tell the actual cost of the job, and the huge media campaigns which came with it.
Vice president Dr. Mahamudu Bawumia was in-charge of supervising the 2007 re-denomination.
During the 2016 general elections, President John Dramani Mahama stated that his outfit was never briefed on the cost and procurement mode of the re-denomination exercise on 2007.
Parliamentary debate on the 2007 currencies printed under the Kufuor administration has been unclear as details of the contract still in mystery.
Meanwhile, some have described the printing of the Five Ghana currency, as a waste of resources, since it is merely for commemorative purpose which will not replace the existing one.