Ghanaians Rejoice As BoG Drops Fresh Update On What To Do With Torn Cedi Notes

According to a report by TV3 Ghana today being Thursday, October 8, 2026, the Bank of Ghana (BoG) has renewed its call on the public to return torn, mutilated and unfit banknotes to commercial banks for replacement.

The central bank is encouraging individuals who have damaged Ghana Cedi notes in their possession to take them to any bank instead of continuing to use them for transactions or handing them over to other people.

The BoG’s directive is intended to help improve the quality of banknotes circulating in the Ghanaian economy. Torn or badly worn notes can become difficult to use, particularly when traders, businesses and other service providers are reluctant to accept them as payment.

Members of the public have therefore been advised to make use of the existing banking channels whenever they receive banknotes that are no longer in good condition. Customers can present such notes at a bank and follow the necessary process for determining whether they qualify for replacement.

The appeal also seeks to discourage the continued circulation of damaged currency. Rather than passing a torn note to another person during a transaction, the BoG wants members of the public to take responsibility by returning the note to a financial institution.

Maintaining the quality of currency in circulation is an important part of the central bank’s responsibilities. Clean and usable banknotes make everyday transactions easier for consumers, traders and businesses while also helping to preserve confidence in the country’s currency.

The BoG has consequently encouraged the public to pay attention to the condition of banknotes they receive and take appropriate action when they come across notes that are torn, heavily soiled or otherwise unfit for normal use.

The public is therefore being reminded that damaged banknotes do not necessarily have to remain in circulation. They can be taken to a bank for assessment and possible replacement, in line with the applicable procedures.

See some of the reactions from Ghanaians below.

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