DAILY NEWSFLASH – President John Dramani Mahama has disclosed that Ghana could soon introduce refreshed cedi banknotes as the Bank of Ghana considers upgrading the currency’s security features.
Speaking during his Resetting Ghana Tour of the Upper East Region, President Mahama said the country’s currency is “long overdue” for a refresh, as counterfeiters can study existing notes and find ways to reproduce them.
He explained that regular updates to banknote security features are necessary to stay ahead of increasingly sophisticated counterfeiting methods.
The President however stressed that the Bank of Ghana, and not the Presidency, has the sole authority to determine when and how the currency is redesigned or replaced.
He clarified that the proposed refresh would focus on strengthening anti-counterfeiting features and would not be a redenomination. The value of the cedi will remain unchanged.
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