BoG to introduce new Currency Act, Cedi App to strengthen currency protection – BoG Governor

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, unveiled plans to introduce a new Currency Act and a Cedi App aimed at fortifying the protection of the Ghana cedi. The proposed legislation intends to impose stiffer penalties for counterfeiting and outline clearer procedures for identifying, surrendering, authenticating and disposing of counterfeit banknotes. Furthermore, it would offer stronger legal protection against the damage, defacement, and misuse of banknotes and coins.

In an address at the launch of the Ghana Cedi Heritage Series Banknotes in Accra on November 12, 2026, Dr. Asiama highlighted the development of an Enterprise Currency Operations Management Software (ECOMS) to bolster coordination with commercial banks in handling currency operations. The software was developed internally to streamline the process.

Moreover, Dr. Asiama announced the establishment of more Cash Centres at the Bank's regional offices in Ho and Tamale to facilitate currency services nearer to the public. He also revealed the Bank's efforts to develop a Cedi App designed to inform the public about the distinctive features of the Heritage Series banknotes and disseminate information about the currency, particularly to visually impaired individuals.

The Bank plans to engage Ghanaians in various local languages to assist them in recognizing genuine banknotes and using the currency responsibly. Dr. Asiama emphasized the significance of physical cash, even as digital payment systems gain popularity, especially during technical failures, cyber incidents, and other disruptions. He reiterated that the Bank would continue to modernize the country's payment systems while preserving the accessibility and reliability of physical cash.

These measures are part of the Bank of Ghana's wider strategy to revamp currency management as it prepares to celebrate its 70th anniversary on March 4, 2027.