Jenkins builds fail with error unsupported option accept-new in OCP 4

Issue

• Jenkins builds are failing with the below error:

[Pipeline] {
[Pipeline] stage
[Pipeline] { (Declarative: Checkout SCM)
[Pipeline] checkout
The recommended git tool is: NONE
using credential productcore-product-core-stash
Cloning the remote Git repository
ERROR: Error cloning remote repo 'origin'
hudson.plugins.git.GitException: Command "git fetch --tags --progress ssh://git@<GIT_REPO_URL>.git +refs/heads/*:refs/remotes/origin/*" returned status code 128:
stdout: 
stderr: command-line line 0: unsupported option "accept-new".
fatal: Could not read from remote repository.

Please make sure you have the correct access rights
and the repository exists.

• The checkout stage throws the error.
  stderr: command-line line 0: unsupported option "accept-new".