An internally developed currency management system by the Bank of Ghana is attracting interest from other central banks seeking to learn from Ghana’s technological innovations in currency administration.
Governor Dr Johnson Pandit Asiama has disclosed that several central banks have expressed interest in the Bank’s Enterprise Currency Operations Management Software, known as eComs, which was developed entirely by Ghanaian technical expertise within the institution.
Addressing the official launch of the Ghana Heritage Series Banknotes at the Bank Square in Accra, Dr Asiama explained that the software was designed to improve coordination, strengthen operational efficiency and enhance currency management across the country.
“I am proud to inform you that several of our sister central banks are rushing in just to learn from this innovation,” he revealed.
The Governor said the development formed part of broader reforms to modernise Ghana’s currency infrastructure and improve the quality of banknotes in circulation.
He explained that the Bank’s currency processing centres were equipped with advanced systems to authenticate banknotes, identify counterfeits and remove worn-out notes from circulation.
Dr Asiama also announced plans to establish new cash centres at the Bank’s Ho and Tamale regional offices to improve access to currency services.
In another development, he disclosed that the Bank was introducing a dedicated Cedi App to educate the public about the features of the new Heritage Series banknotes.
The application, he explained, would also assist persons with visual impairments in identifying and understanding the new currency.
According to the Governor, these innovations demonstrate the Bank’s determination to strengthen its institutional and technological capacity to manage Ghana’s currency efficiently.
He said the reforms were essential to ensuring that the national currency remained secure, accessible and responsive to the changing needs of the economy.
