BoG deploys technology to detect fake and damaged notes

The Bank of Ghana has strengthened its currency management operations through the deployment of advanced banknote processing systems designed to authenticate genuine currency, identify unfit notes and maintain the quality of banknotes in circulation.

Speaking at the launch of the Ghana Cedi Heritage Series at Bank Square in Accra on Thursday, 12 November 2026, the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, highlighted the role of the Bank’s Currency Processing Centres in safeguarding the integrity of the national currency.

According to the Governor, the centres are equipped with advanced systems that sort and authenticate banknotes while identifying and withdrawing unfit currency from circulation.

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The initiative forms part of the Bank’s broader efforts to modernise currency operations, improve efficiency and ensure that banknotes circulating within the economy meet appropriate quality standards.

Dr Asiama also announced plans to establish additional Cash Centres at the Bank’s regional offices in Ho and Tamale to strengthen currency distribution and improve access to currency services.

The Governor further disclosed that the Bank has developed its Enterprise Currency Operations Management Software (ECOMS) entirely in-house to improve coordination between the Bank of Ghana and commercial banks in managing currency operations.

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These developments, he indicated, demonstrate the Bank’s commitment to modernising Ghana’s currency management infrastructure while strengthening public confidence in the cedi.

DR/MA

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