The Bank of Ghana has issued a firm warning to the general public against the use of Ghana cedi notes as gifts, souvenirs, or decorative bouquets, stressing that the practice is illegal and punishable under the laws of Ghana.
Misuse of Currency Constitutes an Offence
According to the central bank, activities such as spraying money, stapling, taping, folding excessively, or arranging cedi notes into bouquets amount to mutilation and defacement of legal tender. The Bank of Ghana explained that the national currency must be handled with care and dignity at all times.
Bank of Ghana warns against misuse of cedi notes at social events
Social Events Not Exempt
The warning targets popular practices at weddings, funerals, birthday celebrations, and graduations where cedi notes are openly displayed or sprayed on individuals. The Bank of Ghana emphasised that cultural or celebratory motives do not exempt offenders from prosecution.
Legal Consequences for Offenders
The central bank cited existing financial and criminal laws which make it an offence to damage or misuse currency. Persons found guilty may face fines, imprisonment, or both, depending on the severity of the offence.
BoG Urges Alternative Gift Options
The Bank of Ghana encouraged the public to adopt safer alternatives such as envelopes, bank transfers, mobile money, or digital payments when gifting money, to help preserve the integrity of the Ghana cedi.
Protecting the Ghana Cedi
The Bank of Ghana reiterated that protecting the value and image of the Ghana cedi is a shared national responsibility, urging citizens to support efforts aimed at reducing currency abuse and replacement costs.
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