The Bank of Ghana (BoG) warns against the use of currency notes, particularly the cedi, for purposes other than what it is intended for, such as making bouquets and hampers. The central bank’s Director of the Currency Department,
Mr. Dominic Owusu, has stressed that such acts are illegal and may result in prosecution. Speaking to the media, Owusu highlighted that the currency should only be used for its designated purposes and not for any other decorative or artistic means. This move aims to preserve the integrity and value of the country’s currency.
He asserts that the Central Bank’s cedi is legal tender and should only be used as a means of exchange, not for giving or receiving presents.
He claims that altering currency for other uses results in its defacement and harms the functioning of the central bank.
The “Currency Act 64 talks about utilizing coins, which are currently banknotes, for things either than that for which the currency act was issued,” the speaker continued.
“Desist from such acts, it is not in line with the policy so you must stop it. If you want to give a present, go and buy gifts. Don’t go and buy bouquets and do it,” he advised.
He also refuted rumors that the Bank of Ghana had released a 500 cedi currency using this media.
He claims that the information to that effect that has been making the rounds on social media is untrue.