The Bank of Ghana (BoG) is expected to issue upgraded banknotes into circulation on May 6, 2019.
The upgraded banknotes will have enhanced security features in line with evolving changes in technological landscape, according to the BoG.
The bank additionally said in a statement that the upgraded banknotes also come with improved durability and machine readability.
Bank of Ghana not issuing new notes
The decision to issue upgraded banknotes comes days after the Bank of Ghana denied allegations that it will print new 30, 100 and 200 Ghana cedi denominations to commemorate its 60th anniversary.
BoG made this clarification in a statement signed by the Communications Director of the BoG, Bernard Otabil saying: “The attention of the Bank of Ghana has been drawn to stories circulating on social media to the effect that the Bank is issuing denominations of GH¢30, GH¢100 and GH¢200, and wishes to categorically state that the stories are false and should be disregarded.”