Bank of Ghana to Establish New Cash Centres in Ho and Tamale Under Heritage Series Initiative

The Bank of Ghana (BoG) has announced plans to establish new cash centres at its regional offices in Ho and Tamale as part of efforts to strengthen currency management and improve the distribution of banknotes across the country.

Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, disclosed the development while speaking about the Ghana Heritage Series banknotes initiative.

The proposed cash centres are expected to strengthen the central bank’s regional operations by bringing currency-related services closer to financial institutions and businesses in the Volta and Northern regions.

The initiative forms part of broader efforts by the central bank to improve the efficiency of cash management, facilitate the circulation of banknotes and enhance its operational presence beyond the Greater Accra Region.

The Ghana Heritage Series banknotes represent an upgraded generation of the Ghana cedi, incorporating improved security features and modern designs that celebrate the country’s history, cultural identity and national aspirations.

The new banknotes are also intended to address changing currency technology standards and strengthen measures against counterfeiting.

The Bank of Ghana has indicated that the introduction of the Heritage Series is part of its commitment to maintaining public confidence in the national currency while improving the quality and durability of banknotes in circulation.

The central bank has also encouraged the public to adopt responsible currency-handling practices to preserve the condition of banknotes and reduce the cost associated with replacing damaged currency.

The planned cash centres in Ho and Tamale are expected to complement these efforts by strengthening the Bank’s regional infrastructure and supporting more effective currency distribution.

Dr Asiama’s announcement highlights the central bank’s broader agenda of modernising its operations and improving the management of Ghana’s monetary system.

The establishment of the two centres will extend the Bank’s physical presence in the regions, although specific timelines for their construction and commencement of operations have not yet been announced.

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