President John Dramani Mahama has assured Ghanaians that the newly introduced Ghana Cedi Heritage Series will circulate alongside the existing currency notes, with the old notes to be withdrawn gradually.
He said the introduction of the new notes was not intended to immediately replace the existing currency but to allow a gradual transition until the new series takes over completely.
Speaking at the launch of the Ghana Cedi Heritage Series at the Bank of Ghana, President Mahama explained that the new notes had been produced with reinforced cotton paper to make them more durable than the old currency notes.
He added that the new notes were also smaller and easier to handle, making them more convenient for everyday transactions.
“The new notes will run side by side with the old currency notes. They are not displacing the old currency notes. The banks will withdraw the old notes gradually until the new notes take over completely,” he said.
President Mahama commended the Bank of Ghana Governor, Board of Management and staff for bringing the initiative to fruition.
He also acknowledged the international partners whose expertise and support contributed to the development of the new currency series.
The President described the Cedi as an important symbol of Ghana’s history, identity and economic sovereignty, noting that its name was derived from the Akan word for the cowry shell.
He said the new heritage series would preserve the country’s history and cultural identity through images of national figures, historic places and cultural symbols.
President Mahama urged Ghanaians to appreciate the historical significance of the currency and protect the unity it represents.
He subsequently declared the Ghana Cedi Heritage Series officially launched.
