The Bank of Ghana (BoG) has reminded businesses and the public that Ghana cedi coins are legal tender and should be accepted for everyday transactions.
The central bank warned that anyone who refuses valid cedi coins without lawful justification could face penalties under Ghana’s Currency Act, 1964 (Act 242).
The reminder comes as the Bank works to improve the circulation and public acceptance of coins across the country.
According to the Bank of Ghana, all officially issued cedi coins remain legal tender. This means they can be used to settle payments within the limits set by law.
The Bank urged traders, transport operators and service providers to accept coins during legitimate transactions. Officials said rejecting them undermines confidence in Ghana’s currency system.
The Bank cited the Currency Act, 1964 (Act 242) as the law governing the use of Ghana’s currency.
Under the Act, cedi coins issued by the central bank are recognized as legal tender. The law also provides limits on the amount of coins that must be accepted in a single transaction.
Beyond those limits, a person may legally decline payment in coins. However, refusing coins that fall within the legal threshold without valid reason may amount to a breach of the law.
The Act provides for penalties, including fines or imprisonment, depending on the circumstances and any court determination.
The Bank of Ghana says coins play an important role in the country’s payment system. They help businesses give exact change and reduce the need to round prices.
Greater use of coins can also improve cash transactions and lower the cost of replacing worn banknotes. The central bank has encouraged the public to treat coins as an important part of Ghana’s national currency.
Public Encouraged to Follow the Law
BoG urged businesses and consumers to familiarize themselves with the legal provisions governing the use of cedi coins.
The Bank also encouraged the public to report persistent cases where coins are rejected without lawful justification.
Officials say wider acceptance of coins will strengthen confidence in Ghana’s payment system and support efficient cash transactions.
