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Bank of Ghana warns against refusal to accept cedi coins and notes, citing legal penalties
via GhanaWeb2 min read
The Bank of Ghana has issued a warning to traders, transport operators, and businesses regarding the refusal to accept Ghana cedi coins and notes, stating that such actions are criminal offenses. In a public notice signed by Bank Secretary Aimee Vyda Quashie on Tuesday, July 22, 2026, the Central Bank expressed concern over the widespread refusal to accept various pesewa and cedi coins for goods and services. This directive follows an earlier instruction on currency misuse and defacement, addressing the unlawful refusal to accept legal tender. The Bank reminded the public that all coins issued by the Bank of Ghana are lawful currency and must be accepted according to the Bank of Ghana Act, 2002 Act 612 and the Currency Act, 1964 Act 242. The notice clarifies that no entity or individual has the discretion to refuse these coins due to inconvenience, low value, or personal preference, as they have not been demonetized or withdrawn. Refusing to sell to a buyer paying with coins or notes is an offense under the Currency Act, 1964, carrying penalties of up to three years imprisonment, a fine, or both. Business owners instructing staff to reject coins will be held responsible, and offenders may be arrested without a warrant. The Bank of Ghana will collaborate with the Ghana Police Service and other law enforcement agencies for enforcement. The public is encouraged to report non-compliance to the Bank of Ghana, the Ghana Police Service, or through the Bank鈥檚 official communication c
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