Old Cedi Notes to Remain Legal Tender Alongside New Heritage Series, Says BoG Governor Asiama

The Governor of the Bank of Ghana (BoG), Dr. Asiama, has confirmed that all existing Ghana Cedi notes will continue to be accepted as legal tender and will circulate alongside the newly introduced Heritage Series for a period of time.

Speaking on the matter, the BoG Governor sought to reassure the public that the introduction of the Heritage Series does not signal an immediate withdrawal or demonetization of the current banknotes in circulation. Instead, both sets of notes will coexist, allowing Ghanaians to continue using the existing currency for their daily transactions without disruption.

Dr. Asiama explained that this dual-circulation arrangement is a deliberate and gradual approach designed to ensure a smooth transition. The central bank intends to allow the old notes to be phased out naturally over time as they become worn and are returned to the Bank of Ghana, rather than forcing citizens to exchange their cash within a short window—a move that could cause inconvenience and panic.

The Governor emphasized that the public should not rush to exchange their current notes or fear that their money will suddenly become worthless. Traders, businesses, and individuals can continue to transact with the existing series while the Heritage Series gradually enters circulation.

The introduction of the Heritage Series is part of the central bank’s efforts to refresh the national currency, incorporate enhanced security features, and celebrate Ghana’s cultural heritage through new designs. However, the BoG’s messaging has focused heavily on continuity, aiming to prevent confusion and maintain public confidence in the financial system.

Dr. Asiama’s assurance comes amid heightened public interest in the new notes, with many Ghanaians eager to understand how the transition will affect them. The central bank has pledged to keep the public informed and to ensure that the process remains orderly, inclusive, and free of disruption to everyday economic activity.

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