BoG Assures Ghanaians Existing Cedi Notes Will Remain Legal Tender Alongside New Heritage Series

According to a report by Channel One News published on November 10, 2026, the Bank of Ghana (BoG) has assured the public that existing cedi banknotes will remain legal tender and continue to circulate alongside the newly upgraded Ghana Heritage Series banknotes.

The assurance is intended to address concerns among Ghanaians ahead of the introduction of the new banknotes, with the Central Bank stressing that there is no need for people to rush to exchange their existing money.

The Heritage Series is part of efforts to modernise Ghana’s currency by introducing improved security features, enhanced durability and updated designs that celebrate the country’s history and cultural identity.

Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, explained that the existing banknote designs had been in circulation for more than two decades, making periodic upgrades necessary to respond to technological developments and evolving security threats.

The new banknotes are expected to offer stronger protection against counterfeiting while lasting longer in circulation, thereby reducing the frequency and cost of replacing damaged notes.

The upgraded series will cover the GH¢1, GH¢2, GH¢5, GH¢10, GH¢20, GH¢50, GH¢100 and GH¢200 denominations. The Central Bank has clarified that the exercise does not involve introducing a denomination higher than GH¢200.

President John Dramani Mahama is expected to officially launch the Heritage Series on Thursday, November 12, 2026, at the Bank Square in Accra, under the theme, “The Cedi, Our Future: Secure, Designed to Last.”

The Bank of Ghana has also urged the public, businesses, traders and financial institutions to handle banknotes responsibly. It cautioned against crumpling, writing on, stapling, spraying or using money for decorative purposes such as money bouquets.

According to the Central Bank, proper handling of banknotes will help preserve their quality, extend their lifespan and reduce the cost of currency management.

The new notes are expected to enter circulation gradually after the official launch, allowing time for public education and preparations by commercial banks.

The Bank of Ghana has therefore encouraged Ghanaians to continue using their existing banknotes normally while preparing to embrace the upgraded currency.

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