The Bank of Ghana and Ghana Police Service have collaborated to arrest seven individuals for allegedly misusing Ghana cedi banknotes in producing and selling money bouquets. This joint operation targeted those involved in using currency notes for decorative purposes. The arrests mark a significant step in enforcing regulations surrounding the use of national currency.
According to Dianah Bondzi, Head of the Statistics Office at the BoG's Currency Management Department, using cedi notes and coins in money bouquets, cakes, and similar decorations is prohibited. The practice is considered an abuse of the national currency and can lead to arrest and prosecution. The BoG has been actively working to address this issue through public awareness campaigns and enforcement actions.
The Bank of Ghana issued a public notice on July 14, 2026, warning against using Ghanaian currency notes and coins as decorations, including money bouquets, jewelry, and artistic creations. The notice cited the Currency Act, 1964 (Act 242), which outlines offenses related to currency misuse. This act empowers the BoG to take action against those who engage in prohibited practices.
Prohibited practices under the Currency Act include spraying money at social events, scattering or stepping on currency notes, tearing, crumpling, staining, defacing, or mutilating banknotes and coins. The BoG is working with relevant state agencies to enforce these rules and safeguard the quality and integrity of the Ghana cedi. This multi-agency collaboration aims to promote responsible handling of the national currency.
The BoG has urged the public, businesses, and institutions to handle currency responsibly and report suspected cases of misuse to the appropriate authorities. By doing so, the Bank aims to maintain the dignity and value of the Ghana cedi. The public awareness campaign is crucial in preventing further misuse and promoting a culture of respect for the national currency.
Ms. Bondzi emphasized that the Ghana cedi is the country's legal tender and must be handled appropriately. She warned that anyone who engages in, assists, facilitates, or promotes activities involving the improper use of the currency could face action from law enforcement authorities. This warning serves as a deterrent to those who might consider misusing the currency.
The Bank of Ghana's efforts to address currency misuse have resulted in the arrest of seven individuals. The BoG will continue to work with law enforcement agencies to prevent and prosecute cases of currency abuse. The collaboration between the BoG and the Ghana Police Service demonstrates a commitment to upholding the integrity of the Ghana cedi and promoting a culture of responsible currency handling.
Key points
- The Bank of Ghana has warned against using Ghanaian currency notes and coins as decorations, citing the Currency Act, 1964 (Act 242).
- Seven individuals have been arrested for allegedly misusing Ghana cedi banknotes in producing and selling money bouquets.
- The BoG is working with relevant state agencies to enforce rules and safeguard the quality and integrity of the Ghana cedi.
