The Bank of Ghana has cautioned the public against repairing and rejoining torn or soiled cedi banknotes using adhesive tape for commercial purposes. The central bank issued the warning in response to a video circulating on social media that depicted individuals fixing damaged notes to re-issue them as a business activity.
Describing the cedi as legal tender and an important national symbol, the regulator instructed the public to refrain from altering, repairing, or rejoining mutilated currency. The central bank emphasized that such unauthorized practices compromise currency integrity and disrupt cash processing systems.
“Banknotes that have been taped, glued, stapled or otherwise improperly repaired are unfit for circulation,” the Bank of Ghana stated. The institution added that altered notes risk damaging automated teller machines (ATMs) and currency processing equipment, which could lead to rejections during payment exchanges and inflict financial losses on citizens.
Reiterating its sole statutory mandate to manage the national currency, the central bank directed individuals holding damaged money to submit it directly to commercial banks for official assessment and replacement. To qualify for replacement, members of the public must present more than half of the original damaged banknote.
The Bank of Ghana urged citizens to handle banknotes with care and report anyone involved in the mutilation or improper repair of the currency to law enforcement authorities or the central bank.
By: Rainbowradioonline.com/Ghana
