Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Heritage Series Cedi notes to modernise cedi while preserving national identity – BoG

The Director and Head of Currency Management at the Bank of Ghana, Dominic Owusu, says the introduction of the new Heritage Series banknotes is not merely about changing the country’s currency, but about safeguarding the national identity and integrity of the Ghanaian cedi.

Heritage Series Cedi notes to modernise cedi while preserving national identity – BoG

The Bank of Ghana has announced plans to introduce a new series of Ghanaian banknotes, dubbed the Heritage Series, aimed at modernising the cedi currency while preserving its national identity and symbolism. Dominic Owusu, Director and Head of Currency Management at the Bank of Ghana, stated that the new series is not merely a replacement of existing notes but a step to ensure the currency's security, trustworthiness, durability, and relevance in the future.

The Heritage Series is set for official launch on November 3, 2026, at Bank Square in Accra. Speaking on Joy FM’s Super Morning Show, Mr Owusu emphasized that the cedi represents more than just medium of exchange, serving as a symbol of Ghana's sovereignty, economic identity, and national pride. He highlighted that the banknotes must continue to instill confidence in the public while adapting to technological advancements.

Owusu noted that technological changes have significantly impacted banknote production and security, necessitating periodic reviews by central banks. He cited the shift from using Google to AI for internet searches as an illustration of rapid technological change. To address these changes, the Bank of Ghana has designed the Heritage Series with enhanced durability and functionality.

However, the Bank warns against mishandling the currency due to its improved resilience. Existing notes will remain valid and circulate alongside the new series after the launch, allowing for a smooth transition. The Heritage Series aims to blend the historical and national significance of the cedi with modern improvements in security, durability, and functionality, ensuring the currency's continued trustworthiness and future readiness.

Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at myjoyonline.com →

More in Finance & Markets

More from Friday 25 September →