diff --git a/VERSION b/VERSION
index 32d1656..2bf1c1c 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.3.1-dev
+2.3.1
diff --git a/voltha/Chart.yaml b/voltha/Chart.yaml
index dd168d0..9fde16b 100644
--- a/voltha/Chart.yaml
+++ b/voltha/Chart.yaml
@@ -17,7 +17,7 @@
 description: A Helm chart for Voltha based on K8S resources in Voltha project
 icon: https://guide.opencord.org/logos/cord.svg
 
-version: 2.3.1
+version: 2.3.2
 
 # app version applies to multiple components with potentially different
 # container image versions
diff --git a/voltha/values.yaml b/voltha/values.yaml
index f9773d1..e5411c2 100644
--- a/voltha/values.yaml
+++ b/voltha/values.yaml
@@ -91,7 +91,7 @@
   ofagent_go:
     registry: '{{ .Values.defaults.image_registry }}'
     repository: '{{ .Values.defaults.image_org }}voltha-ofagent-go'
-    tag: '{{- if hasKey .Values.defaults "image_tag" }}{{- if .Values.defaults.image_tag }}{{ .Values.defaults.image_tag }}{{- else }}1.1.6{{- end }}{{- else }}1.1.6{{- end }}'
+    tag: '{{- if hasKey .Values.defaults "image_tag" }}{{- if .Values.defaults.image_tag }}{{ .Values.defaults.image_tag }}{{- else }}1.1.7{{- end }}{{- else }}1.1.7{{- end }}'
     pullPolicy: '{{ .Values.defaults.image_pullPolicy }}'
 
   ofagent_py: