The Convention People’s Party (CPP) has formally requested the Bank of Ghana (BoG) not to stop printing and circulating pesewa coins. Instead, the party advocates for stronger measures to ensure these coins are accepted across Ghana. The CPP stated that many traders and transport operators refuse to accept five, 10, and 20 pesewa coins. This widespread refusal weakens the national currency’s value. It also contributes to unfair price increases for consumers.
In a statement released on June 1, 2026, the CPP highlighted that discarding small denominations is not a solution. The party believes the focus should be on enforcing their use. Banks must also be compelled to accept and recirculate pesewa coins without imposing penalties. The CPP cautioned that phasing out these coins without proper public education or viable alternatives could worsen the existing problems. The party emphasized that disrespect for small denominations damages economic discipline.
This situation touches on broader economic stability in Ghana. The cedi’s consistent value is crucial for public trust. When small change is rejected, prices are often rounded up. This practice effectively increases costs for everyday goods and services. Such price increases can fuel inflation. Inflation disproportionately affects low-income earners. The CPP's call reflects a concern about maintaining the integrity of Ghana's monetary system. Recent inflation figures have shown a challenging economic environment.
Joyce Larbie, Acting National First Vice-Chairperson of the CPP, signed the statement. She urged the Ministry of Finance and the Attorney General’s Department to publicly declare all cedi and pesewa notes and coins as legal tender. This would reinforce their mandatory acceptance. The CPP also called for sanctions against individuals and businesses that systematically refuse pesewa coins. "Where necessary, apply sanctions against the systematic rejection of legal tender," the statement read. This legal backing ensures all parts of the currency are respected.
The implications of this call extend to market confidence and consumer protection. If the BoG heeds the CPP's advice, it could lead to a public awareness campaign. This campaign would aim to educate people on the importance of accepting all denominations. Sanctions could deter non-compliant businesses. The CPP also appealed to market associations and transport unions like the Ghana Private Road Transport Union (GPRTU). They want these groups to tell their members to accept all coins. They also want them to give exact change. The party encourages citizens to demand pesewa coins and report rejections to the BoG. Restoring respect for every cedi denomination is vital for economic discipline.