BoG warns public against misuse of currency notes

The Bank of Ghana (BoG) has cautioned the public against using currency notes to create money bouquets, warning that the practice is unlawful and could damage legal tender.

The warning was contained in a notice issued on July 14, in which the Central Bank expressed concern over what it described as the misuse and abuse of Ghana’s currency through unconventional practices.

According to the BoG, arranging banknotes into decorative bouquets amounts to the improper handling and tampering with legal tender.

The Central Bank stressed that the Ghana cedi was issued solely for use as legal tender and should not be transformed into gifts, decorations, jewellery or artistic displays.

It noted that the growing popularity of money bouquets at weddings, birthdays, graduations and other celebrations often involved folding, piercing, stapling or otherwise manipulating currency notes in ways that could damage them.

The directive is expected to affect event planners and gift vendors who specialise in creating elaborate money bouquets for clients.

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