Cost of upgraded banknotes will be reflected in BoG's 2026 audited accounts - Governor Asiama
We have budgeted for it, we have everything documented
The Bank of Ghana's Governor Asiama has detailed the anticipated cost of the cedi banknote upgrade policy and its projected reflection in the central bank's 2026 financial statements. During the 132nd Monetary Policy Committee press conference in Accra, he affirmed that the rollout has been budgeted for, with all necessary documentation in place.
The new "Heritage Series" banknotes, he explained, are designed with advanced security features, enhanced durability, and modern aesthetics that reflect Ghana's heritage and aspirations. These upgraded notes aim to counteract counterfeiting, endure prolonged use, and facilitate more efficient currency management. The Governor emphasized that the Heritage Series does not render existing Ghana Cedi notes invalid; they will coexist in circulation.
He has urged the public to continue using both sets of banknotes without the need for immediate exchange or withdrawal due to the new series. Asiama concluded by calling upon Ghanaians to handle currency responsibly, discouraging abuse such as crumpling, writing on, or using banknotes for non-financial purposes, to maintain their quality, minimize replacement costs, and promote effective currency management.
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