The Bank of Ghana (BoG) has declared that refusing to accept Ghana cedi coins as payment for goods and services is a criminal offense. This action can lead to imprisonment for up to three years, a fine, or both penalties. The Central Bank issued this warning in a public notice, No. BG/GOV/SEC/2026/23, on July 22, 2026.
This directive follows growing concerns over the widespread and persistent rejection of various coin denominations by traders, transport operators, and other businesses. The BoG observed that 1 pesewa, 5 pesewa, 10 pesewa, 20 pesewa, 50 pesewa, GHS 1, and GHS 2 coins are frequently refused. These coins remain valid legal tender and have not been withdrawn from circulation.
The BoG's stance underscores its commitment to maintaining the integrity and usability of the national currency. This issue has broader implications for Ghana's economic stability and financial inclusion, particularly for small transactions. The consistent rejection of coins can undermine public confidence in the cedi and complicate daily commerce for many citizens.
The Central Bank previously issued a directive on July 14, 2026, addressing the misuse and physical abuse of Ghana cedi banknotes and coins. The latest notice specifically targets the unlawful rejection of coins. It clarifies that no individual or business has the discretion to unilaterally refuse coins for legitimate transactions.
Under the Bank of Ghana Act, 2002 (Act 612), as amended, and the Currency Act, 1964 (Act 242), all coins issued by the BoG are lawful currency. The Bank stressed that none of the coins in circulation have been demonetised. Therefore, they cannot be rejected due to inconvenience, low value, or personal preference.
The BoG warned that refusing to sell an item solely because a buyer pays with coins or banknotes constitutes an offense. This applies unless the specific currency has ceased to be legal tender. Business owners or managers who instruct employees to reject coins will face equal liability under the law.
Persons found committing this offense may be arrested without a warrant. The BoG will collaborate with the Ghana Police Service and other law enforcement agencies to ensure compliance. This enforcement aims to prosecute individuals and businesses that continue to reject coins.
The public is encouraged to report instances of coin rejection to the nearest Bank of Ghana office or the Ghana Police Service. This measure seeks to preserve confidence in the national currency. It also ensures that all denominations of Ghana cedi coins are accepted and handled responsibly.
The BoG's firm action highlights the importance of every denomination in the payment system. It also reinforces the legal obligation of businesses to accept all forms of legal tender. This move is crucial for maintaining a functional and inclusive economy where all currency forms are respected.