Bank of Ghana warns public against repairing torn Cedi notes with adhesive tape

The Bank of Ghana has cautioned the public against repairing and re-joining torn and soiled Ghana Cedi banknotes using adhesive tape. The Central Bank has expressed concern over a video circulating on social media that showed individuals repairing damaged Cedi notes as a business activity. The Bank emphasized that such practice undermines the integrity of the currency and stated that no person should engage in the repair, re-joining, or alteration of mutilated banknotes for re-issuance or recirculation.

Notes that have been repaired in such a manner are deemed unfit for circulation and could cause damage to Automated Teller Machines (ATMs) and currency processing machines. They may also be rejected when presented for payment, leading to financial loss. The Bank of Ghana is the sole authority responsible for managing the country's currency and advised those in possession of mutilated notes to take them to a commercial bank for proper examination and replacement, following established procedures.

If a mutilated note is presented, more than half of the original note must be shown. The public is urged to handle Cedi notes with care and report anyone involved in improper repair or mutilation of banknotes to the Bank of Ghana or law enforcement agencies. The Bank of Ghana emphasized the importance of respecting the Cedi as a symbol of national pride.