Seven arrested for using Cedi notes to make money bouquets

The Bank of Ghana, in partnership with the Ghana Police Service, has apprehended seven individuals in Accra for allegedly producing money bouquets and cakes using Ghana cedi banknotes for commercial use. This action is part of the central bank's efforts to combat the improper handling of Ghana cedi notes and coins. Dinah Bonzi, the Head of the Statistics Office at the Currency Management Department of the Bank of Ghana, explained that the operation aims to warn the public against the misuse and abuse of currency.

The seven suspects were apprehended at different locations in Accra, as per the bank's statement. Bonzi emphasized that creating bouquets and cakes from Ghana cedi banknotes for events like weddings, birthdays, and graduations is illegal and constitutes misuse of the currency. She warned that anyone found involved in, aiding, promoting, or facilitating such acts will face arrest and prosecution by the relevant law enforcement agencies.

The bank stressed that the Ghana cedi is the legal tender of Ghana and must be treated with respect. Possible penalties for those convicted could include fines or imprisonment, according to the Act. The central bank has previously cautioned the public against practices like spraying money at events, making money decorations from banknotes, scattering or stepping on currency, and other forms of damage.

Bonzi emphasized that today's arrests serve as a clear warning to the public to handle the Ghana cedi with dignity.