Bank of Ghana cautions public over rejection of coins

‎The Bank of Ghana (BoG) has raised concerns over the continued rejection of coins, especially the 10 and 20 pesewa denominations, warning that such conduct could disrupt the country's efforts to maintain economic stability.
‎
‎In a citinewsroom.com report, the Central Bank reminded the public that all coins and banknotes it issues are valid legal tender and should be accepted in all monetary transactions.
‎
‎This message was delivered by Dominic Owusu, Head of Currency Management at the BoG, during the opening session of a currency management and forecasting workshop organised by the West African Institute for Financial and Economic Management (WAIFEM) on Monday, July 14, 2025.
‎
‎He has reiterated that all legally issued currencies, including coins, must be accepted by the public.
‎
‎“Please accept the coins. No one should reject any coin legally issued by the Central Bank" he stated.
‎
‎He is urging Ghanaians to use all denominations from the smallest pesewa coins to the two cedi coin since they are all recognised as legal tender.
‎
‎According to him, coins play a key role in maintaining price and without them, traders may be tempted to round up prices, which can contribute to inflation.
‎
‎Additionally, coins have a longer lifespan compared to paper notes, helping the country save money on printing and replacement costs.
‎
‎DR/MA

Watch the latest episode of BizTech below:

How Virtual Reality is enhancing business and customer experience