There’ll be no GH¢500 note – BoG clarifies Heritage Series issuance

The Bank of Ghana (BoG) has clarified that it will not be issuing a GH¢500 note as part of its “Heritage Series” rollout scheduled for November 3, 2026. Instead, the Central Bank is upgrading existing currencies in circulation, not introducing new banknotes. The Currency Management Department's Director, Dominic Owusu, addressed this on the Joy FM Super Morning Show, urging the public to disregard false claims on social media platforms about the Bank of Ghana working on new notes and higher denominations like the GH¢500.

Owusu highlighted that the upgrade will feature enhanced durability, modern designs that reflect Ghana's heritage and aspirations, and stronger protection against counterfeiting. The new Heritage Series will co-circulate with the current Ghana Cedi banknotes and will not invalidate them. Speaking at the Monetary Policy Committee meeting, BoG Governor Dr Johnson Asiama emphasized the initiative as part of efforts to modernize the country's currency, bolster its security, and improve its durability.

The upgraded notes are designed to combat counterfeiting, endure prolonged circulation, and support efficient, cost-effective currency management. They will also incorporate Ghanaian iconographic elements and honor national heroes, with each denomination representing different aspects of Ghana's history while looking forward to the country’s future aspirations.