New Cedi Notes Will Run Side by Side with Old Currency Notes; Not Displace Them – Mahama

Accra, Ghana — In a move designed to modernize the nation’s currency without causing economic disruption, President John Dramani Mahama has officially unveiled the Ghana Cedi Heritage Series, assuring citizens that the newly designed banknotes will circulate concurrently with the existing currency rather than immediately replacing it .

Speaking at the launch held at the Bank Square in Accra on Thursday, November 12, 2026, President Mahama sought to calm public anxiety regarding the transition. He emphasized that the introduction of the new notes does not signal the immediate demonetization of the old cedi. “The new notes will run side by side with old currency notes. We are not displacing the old currency notes,” Mahama stated. “The banks will withdraw the old notes gradually until the new notes take over completely” .

The Heritage Series, launched under the theme “The Cedi, Our Future: Secure, Designed to Last,” represents more than just a cosmetic upgrade. According to officials, the new notes are printed on reinforced cotton paper, making them significantly more durable than their predecessors . Furthermore, the redesigned currency is smaller and more portable, addressing long-standing complaints about the bulkiness of the old notes, particularly the high-denomination bills .

Beyond practicality, the launch was framed as a celebration of national identity. President Mahama described the cedi as a “quiet ambassador” for Ghana, noting that the new designs feature Adinkra symbols and historical imagery that tell the story of the nation’s heritage . He also reiterated that the cedi belongs to all Ghanaians regardless of political affiliation, stating, “The cedi knows no political parties” .

While celebrating the cultural aspect of the new currency, the President acknowledged the economic pressures the cedi has faced. He linked the currency’s stability to the government’s “New Economy Programme,” a four-year initiative aimed at strengthening the productive capacity of Ghana’s economy to underpin the currency’s value .

The Bank of Ghana has advised the public to continue using the old notes for daily transactions and to handle the new currency responsibly, warning against practices like spraying money or stapling notes to ensure longevity . The new Heritage Series notes are scheduled to enter circulation on December 1, 2026 .

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