New cedi notes will run side by side with old currency notes; not displace them - Mahama

President John Dramani Mahama announced that the new Ghana cedi banknotes under the Ghana Heritage Series will coexist with the old currency. He further revealed that banks will progressively phase out the old notes. Addressing the launch of the Ghana Heritage Series Banknotes on November 12, Mahama highlighted that the new notes are made from reinforced cotton paper, ensuring their longevity compared to the old currency notes they replace.

He assured the public that the introduction of the new cedi would not lead to an immediate withdrawal of existing banknotes. Additionally, Mahama pointed out that the new notes are smaller and more convenient to handle. He emphasized that the cedi symbolizes Ghana's economic sovereignty and has endured through various economic challenges facing the nation.

The President emphasized that the launch of the new currency series is an opportunity to honor the currency's past and resilience while acknowledging the dedication and hard work of Ghanaians whose livelihoods are intertwined with its strength. He also stressed that the government's goal is to strengthen the cedi's economic foundation, as outlined in the administration's New Economy Programme, which will guide the 2027 Budget to be presented to Parliament by Finance Minister Dr. Cassiel Ato Forson.