The Bank of Ghana (BoG) says a planned introduction of upgraded Ghana Cedi banknotes in November is aimed at strengthening protection against counterfeiting while improving the durability and efficiency of currency management.
Governor of the BoG, Dr Johnson Pandit Asiama, said the upgraded banknotes, to be known as the “Heritage Series”, would incorporate enhanced security features, improved durability and modern designs reflecting Ghana’s heritage and national aspirations.
He said the upgraded notes had been designed to withstand prolonged circulation and reduce the costs associated with frequent replacement of damaged banknotes.
Dr Asiama made the remarks at the 132nd Monetary Policy Committee press conference in Accra.
“The Heritage Series also provides a unique opportunity to honour our national heroes and celebrate Ghana’s heritage, culture and identity through modern and progressive currency designs,” he said.
He said each denomination would draw inspiration from Ghanaian iconographic elements to tell the story of the country’s past while projecting its aspirations for the future.
The Governor, however, clarified that the introduction of the upgraded notes would not invalidate the existing Ghana Cedi banknotes.
He said the Heritage Series would circulate alongside the existing banknotes, urging the public not to rush to exchange or withdraw existing notes because of the planned introduction.
“The public should therefore continue to use the existing banknotes alongside the upgraded notes,” he said.
Dr Asiama also appealed to businesses, traders, financial institutions and the general public to handle banknotes properly to preserve their quality and reduce the cost of replacing damaged currency.
He urged the public to desist from crumpling, writing on, stapling or using banknotes for decorative purposes, including money bouquets, spraying and other forms of currency abuse.
“Proper handling will help preserve the quality of our banknotes, reduce replacement costs and support efficient currency management,” he said.
The introduction of the upgraded notes therefore forms part of the central bank’s broader efforts to maintain the integrity of the national currency while ensuring that Ghana’s physical cash remains secure and durable as it continues to circulate alongside other payment methods.
