By Iddi Yire, GNA
Accra, Nov. 12, GNA -President John Dramani Mahama has officially launched the Ghana Cedi Heritage Series, redesigned cedi notes with strong security and other features to withstand Ghana’s climatic conditions.
Printed on reinforced cotton paper to extend lifespan in frequent circulation.
The Bank of Ghana will put into circulation upgraded Ghana Cedi Heritage Series from December 1, with the existing banknotes remaining legal tender.
Speaking at the launch which took place on Thursday, November 12, at the Bank of Ghana, the President noted that the new Cedi carries Ghana’s history into everyday life, tracing its origins to the Akan word for cowry shells, which served as a medium of exchange long before the introduction of modern currency.
President Mahama said, with pride, the discipline and commitment backed with reforms had not only stabilised the cedi but revived the economy and demanded all hands on deck to make the cedi attractive.
“I remain optimistic that discipline in government expenditure alongside credible monetary policies will keep the Cedi strong and stable, and this is tied to government’s upcoming $10 billion, four-year “New Economy” program under the 2027 Budget,” he said.
“The strength of our currency must be felt in the everyday lives of our people. I am confident in the Cedi’s future because I am confident in the productive capacity of the Ghanaian people.”
The President also called for national unity and confidence in the Cedi, stressing that its strength must be supported by increased local production, expanded exports, disciplined public finances and credible monetary policies.
President Mahama outlined Government’s $10 billion, four-year New Economy Programme, which seeks to transform the structure of the Ghanaian economy by producing more of what the country consumes, processing more of what it grows, and earning more from exports.
He noted that the notes would feature national figures, historic places and cultural symbols, bringing Ghana’s story closer to citizens, particularly the younger generation, while presenting the country’s heritage to visitors, and the diaspora.
Dr Johnson Pandit Asiama, Governor of the Bank of Ghana, said upgraded notes were intended to reinforce public confidence in the national currency while celebrating Ghana’s history, and cultural identity.
GNA
Edited by Linda Asante Agyei