Bank of Ghana Urges Students to Handle Cedi Notes with Care

The Bank of Ghana (BoG) is encouraging senior high school students to treat the Ghana cedi with care and pride, emphasizing that this practice helps extend the lifespan of banknotes and lowers the cost of printing replacements. This appeal was made during a financial literacy sensitization program.

The BoG organized a one-day event for selected senior high schools in the Bono Region, aiming to foster financial inclusion and strengthen financial literacy among youth. The program exposed students to key banking concepts and responsible financial habits from an early age. Several schools participated, including St James Seminary Senior High School, Goka Senior High School, and Notre Dame Girls’ Senior High School.

Topics covered included responsible saving and investment, identifying licensed financial institutions, protecting personal banking information, recognizing fraudulent schemes, and understanding the security features of genuine banknotes. Emmanuel Ansu-Gyeabour from the BoG's Financial Stability Department highlighted the central bank's ongoing efforts to educate the public, noting that the initiative is now being extended to senior high schools after previous programs for security personnel and market women.

Ansu-Gyeabour urged students to develop saving habits early for their financial future and explained how to identify legitimate financial institutions to avoid falling victim to scams. An economics tutor from St James Seminary Senior High School, Kwadwo Yeboah, praised the BoG's initiative and suggested collaborating with the Ghana Education Service to introduce financial literacy at even earlier educational levels.

The interactive session allowed students to inquire about banknote design, printing locations, and the BoG's measures against counterfeiting. The program is part of the central bank's broader strategy to deepen public understanding of its mandate and operations.

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The appeal was made at a one-day financial literacy sensitisation programme organised by the BoG for selected senior high schools at St James Seminary Senior High School in the Sunyani Municipality of the Bono Region.