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  1. Cooperation between law enforcement agencies in Ghana.

Bank of Ghana warns against commercial use of cedi notes for decorative items

1 report, 1 independent Updated Tue 00:00
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What happened

Some supportReported by 1 outlet

The Bank of Ghana issued a warning regarding the commercial use of Ghana cedi notes, advising against turning them into items such as bouquets or cakes for sale. This warning follows the arrest of seven individuals in Accra during an enforcement exercise conducted by the central bank and the Ghana Police Service. The Bank of Ghana stated that the arrests were part of efforts to protect the integrity of the national currency and curb the misuse or physical alteration of cedi notes and coins.

From ghanaiantimes.com.gh

Why it matters

Some supportBrind's analysis of the reports

The central bank stated that the misuse or abuse of the currency is an offense and may attract legal sanctions. The warning applies not only to those physically creating the items but also to any persons who aid, promote, or facilitate this practice. The Bank of Ghana emphasized that the cedi is the legal tender of the Republic of Ghana and must be treated with respect.

Cooperation between law enforcement agencies in Ghana is ongoing.

From ghanaiantimes.com.gh

Who's involved

  • Ghana Police ServicePartnered with the central bank in joint enforcement exercises.
  • Bank of GhanaCentral bank of Ghana, issuing the warning about currency integrity.

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Cooperation between law enforcement agencies in Ghana.

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