BoG cautions public against taping, repairing mutilated cedi notes

The Bank of Ghana (BoG) has issued a caution to the public against repairing, re-joining or altering damaged Ghana cedi banknotes. This warning follows the circulation of a video on social media showing individuals using adhesive tape to repair torn and soiled banknotes as a business activity. The BoG emphasized that such practices undermine the integrity of the currency and could affect its acceptance and proper processing within the cash cycle.

Banknotes that have been taped, glued, stapled or otherwise improperly repaired are considered unfit for circulation, potentially leading to damage to ATMs and currency-processing machines, rejection when presented for payment or exchange, and financial loss to individuals. The central bank reiterated that it has the sole mandate for the management of Ghana’s currency, urging people to take mutilated banknotes to a commercial bank for examination and possible replacement under established procedures.

The BoG also encouraged the public to handle banknotes with care and report any instances of improper repair, re-joining or mutilation of currency to the Bank of Ghana or appropriate law enforcement authorities.

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