BoG, Police arrest seven over alleged misuse of Ghana Cedi as bouquets
The Bank of Ghana (BoG), in collaboration with the Ghana Police Service, has arrested seven persons for allegedly misusing Ghana cedi banknotes by using them to create money bouquets. The suspects were picked up during a joint swoop targeting individuals engaged in the production and sale of money bouquets. They were subsequently arraigned at the […]
The Bank of Ghana (BoG) and the Ghana Police Service have apprehended seven individuals for allegedly misusing Ghanaian banknotes by crafting bouquets from them. This joint operation targeted people involved in the production and sale of such novelty items. The suspects were subsequently brought before the Police Headquarters in Accra.
Dianah Bondzi, Head of the Statistics Office at the Currency Management Department of the BoG, cautioned the public against using Ghanaian banknotes and coins for decorative purposes at events like weddings, birthdays, and graduations. She emphasized that this practice is a misuse and abuse of the national currency, prohibited by Ghanaian laws.
The BoG has issued a stern warning that treating the Ghana cedi as such amounts to misuse and abuse, and contravenes the Currency Act, 1964 (Act 242). Engaging in, aiding, or promoting this misuse could result in arrest and prosecution by law enforcement agencies. The BoG has initiated enforcement actions alongside state law enforcement agencies to curb currency misuse and safeguard the integrity of the Ghana cedi.
They urge the public, businesses, and institutions to handle the national currency responsibly and report any suspected breaches to the relevant authorities.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
