The Bank of Ghana (BoG) has cautioned traders, transport operators, and businesses that refusing to accept Ghana cedi coins as payment for goods and services is a criminal offence
The report indicates that the Bank of Ghana (BoG) has warned that traders, transport operators, businesses and individuals who refuse to accept cedi and pesewa coins as payment for goods and services risk arrest, prosecution, fines or imprisonment under Ghana’s currency laws.
It further notes that in a public notice issued on 22 July 2026, the central bank expressed concern over what it described as the “widespread and persistent refusal” by some traders, transport operators and business entities to accept 1 pesewa, 5 pesewa, 10 pesewa, 20 pesewa and 50 pesewa coins, as well as GH¢1 and GH¢2 coins, during commercial transactions.
The notice follows an earlier directive issued on 14 July 2026 on the misuse, abuse and illegal handling of Ghana cedi banknotes and coins. While that notice focused on the physical abuse and defacement of the currency, the latest directive addresses the unlawful refusal to accept coins issued by the Bank of Ghana as legal tender.
The Bank reminded the public that all coins issued by it remain valid legal tender and must be accepted in accordance with the Bank of Ghana Act, 2002 (Act 612), as amended, the Currency Act, 1964 (Act 242) and other applicable laws.
It emphasised that none of the coins currently in circulation has been demonetised or withdrawn.
“All coins issued by the Bank of Ghana, including the pesewa denominations, remain valid legal tender for the settlement of debts and the conduct of transactions throughout Ghana, and have not been demonetised or withdrawn from circulation.”
The central bank further stated that no trader, transport operator, business entity or individual has the discretion to reject coins simply because of their denomination or personal preference.
“No trader, transport operator, business entity, or individual has the discretion to unilaterally refuse to accept these coins in payment for goods, services, or other legitimate transactions on grounds of inconvenience, low value, or personal preference.”
The Bank warned that refusing to sell goods or provide services because a customer is paying with coins constitutes an offence under the Currency Act, 1964 (Act 242), unless the coins or notes in question have ceased to be legal tender.
According to the notice, persons convicted of the offence face: Imprisonment for a term not exceeding three years; A fine; or both imprisonment and a fine.
The Bank also cautioned business owners against directing employees to reject coins, saying they would be held equally liable.
“Deliberately encouraging, helping, or instructing another person to commit this offence, for example, a business owner who instructs staff to reject coins, is punishable in the same way as if that person had committed the offence in person.”
It further warned that: “A person found in the act of committing this offence may be arrested without a warrant.”
The Bank of Ghana stated it would work closely with the Ghana Police Service and other law enforcement agencies to ensure strict enforcement of the law.
