Major Education On New Cedi Notes Next Week

The Central Bank would begin a major education campaign next week as it introduces the much-awaited new 10,000 and 20,000-cedi denominations. The new notes expected in the next few weeks, should have been introduced at the beginning of the new cocoa purchasing season in October, this year, but was delayed.

Central Bank sources told the Ghana News Agency that the notes might be out after the education programme. The Central Bank is spending some 113 billion cedis on printing the new denominations. The printing includes enhanced security features of the new 1,000, 2,000 and 5,000-cedi notes.

The sources said that materials for the education programme on the new denominations are expected this weekend for the exercise to take off next week.

The education exercise is to help the public to identify the notes easily and thereby help curb the influx of counterfeits.

The new denominations are intended to reduce the huge volume of cash that business operators have to handle in their transactions and also reduce the risk associated with handling huge volumes of cash.

The Central Bank would begin a major education campaign next week as it introduces the much-awaited new 10,000 and 20,000-cedi denominations. The new notes expected in the next few weeks, should have been introduced at the beginning of the new cocoa purchasing season in October, this year, but was delayed.

Central Bank sources told the Ghana News Agency that the notes might be out after the education programme. The Central Bank is spending some 113 billion cedis on printing the new denominations. The printing includes enhanced security features of the new 1,000, 2,000 and 5,000-cedi notes.

The sources said that materials for the education programme on the new denominations are expected this weekend for the exercise to take off next week.

The education exercise is to help the public to identify the notes easily and thereby help curb the influx of counterfeits.

The new denominations are intended to reduce the huge volume of cash that business operators have to handle in their transactions and also reduce the risk associated with handling huge volumes of cash.