Bank of Ghana warns of liability for defacing the cedi
The Bank of Ghana has warned citizens of liability for improper and unlawful handling of cedi banknotes and coins. Violators may face detention, prosecution, fines or imprisonment.
As MyJoyOnline reports, the central bank is concerned about spraying money at events, throwing banknotes on the ground, stepping on currency or dancing on it. The regulator also warned against making money bouquets, decorations and other decorative items from banknotes.
Improper use of currency
The Bank of Ghana stated that creating money bouquets for weddings, birthdays, graduations and other celebrations constitutes improper use of the national currency and a violation of the law. According to the institution, such practices harm the quality, integrity, functionality and image of the national currency.
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Prohibited actions also include tearing, crumpling, soiling, writing on, cutting and otherwise damaging banknotes and coins. Without the bank's permission, it is prohibited to use images of Ghanaian banknotes or coins, as well as to buy or sell coins at a price exceeding their face value.
Law enforcement measures
The regulator stressed that banknotes and coins are intended exclusively for use as legal tender and must not be damaged or defaced. The bank noted that it spends significant resources on printing banknotes and minting coins, and therefore urged citizens, companies and institutions to handle currency responsibly.
The Bank of Ghana reported measures initiated jointly with state law enforcement agencies against persons committing prohibited actions. Law enforcement officers will monitor the use of banknotes and coins and take appropriate measures, including detaining and prosecuting those who handle money improperly.
