BoG to roll out new cedi banknotes in November

-

Carbonatix Pre-Player Loader

Audio By Carbonatix

The Bank of Ghana (BoG) is set to introduce a redesigned series of Ghana cedi banknotes in November as part of measures to enhance the currency’s security, durability and overall efficiency.

The new notes, to be known as the Heritage Series, will be officially launched on November 3, 2026, at the Bank Square in Accra.

Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, announced the initiative on Thursday, September 24, at the end of the 132nd Monetary Policy Committee meeting.

According to the Governor, the redesign has become necessary as the existing banknotes have been in circulation for more than two decades, while technology and global security standards continue to evolve.

“The upgraded banknotes incorporate enhanced security features, improved durability, and modern designs that reflect Ghana’s heritage and Ghana’s aspirations,” he said.

Dr Asiama explained that the new series is expected to strengthen the fight against counterfeiting, withstand prolonged use and help the central bank manage currency more efficiently and cost-effectively.

The Heritage Series will also feature elements intended to celebrate Ghana’s history, culture and national identity, including recognition of national heroes.

The BoG has clarified that the introduction of the new notes will not render the existing cedi banknotes invalid.

The two series will circulate alongside each other, meaning members of the public will not be required to exchange their existing notes when the Heritage Series is introduced.

“There is no need for the public to rush to exchange or to withdraw existing notes solely because of the introduction of the new Heritage Series,” Dr Asiama said.

He encouraged the public and businesses to continue using the current notes alongside the new ones.

The Governor also appealed to traders, businesses, financial institutions and the general public to handle banknotes properly to extend their lifespan and reduce the cost of replacing damaged currency.

He specifically cautioned against crumpling, writing on, stapling or using banknotes for decorative purposes, including money bouquets and spraying.

“Proper handling will help preserve the quality of our banknotes. It will reduce replacement costs for the central bank and it will support efficient currency management,” he said.

Dr Asiama described the protection of the integrity of the Ghana cedi as a shared responsibility and urged the public to embrace the Heritage Series while adopting better practices in handling the currency.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Latest Posts