GHANA LAUNCHES SMALLER, TOUGHER BANKNOTES TO FIGHT COUNTERFEITING

Ghana Unveils Smaller, More Durable Cedi Notes for December Rollout

Ghana has unveiled redesigned banknotes with stronger security features, improved durability and markings to help people with visual impairments identify different denominations.

The new “Heritage Series” will enter circulation on December 1 alongside existing notes, which will remain legal tender.

Bank of Ghana Governor Johnson Asiama announced the rollout in Accra on Thursday.

The central bank said the redesign responds to advances in counterfeiting technology and changes in international security standards.

Made from reinforced cotton paper, the notes are intended to withstand frequent handling and Ghana’s tropical climate, reducing damage and replacement costs.

President John Mahama said their smaller size would also make everyday transactions easier.

The series retains eight denominations ranging from one to 200 cedis, including the return of the two-cedi banknote. The redesign does not change the currency’s value or constitute a redenomination.

The notes feature national figures, including former UN secretary-general Kofi Annan and Ghana’s first president, Kwame Nkrumah, alongside historic landmarks and monuments.

Asiama said cash remained important despite the growth of digital payments, noting that electronic networks could be disrupted by cyberattacks, technical failures or natural disasters.

The central bank is also preparing legislation to replace the 1964 currency act and strengthen measures against counterfeiting and deliberate damage to banknotes.