In a coordinated operation with the Ghana Police Service, the Bank of Ghana (BoG) has arrested seven individuals in Accra for allegedly using cedi banknotes to create money bouquets and cakes for commercial sale. The suspects were apprehended at different locations across the capital as part of a targeted effort to curb the misuse of Ghana’s currency.
Dianah Bondzi, Head of the Statistics Office at the Currency Management Department of the BoG, explained that the arrests form part of a broader enforcement campaign to protect the integrity of Ghana’s legal tender. “The Bank of Ghana wishes to issue a warning to the general public for using the banknotes and coins to create money bouquets, money cakes for weddings, for birthdays, for graduations, and other similar events, which constitutes the misuse and abuse of the currency, and it is illegal and unlawful,” Ms. Bondzi stated.
She emphasized that the cedi must be treated with respect, and warned that anyone who engages in, aids, or promotes such activities risks arrest and prosecution. “From here, they will be prosecuted,” she confirmed, adding that sanctions under the Currency Act can include fines or imprisonment.
The central bank’s action follows an earlier public notice issued on July 14, 2026, which cautioned against using currency notes and coins as decorations, including in money bouquets, jewellery, and other artistic creations. The notice also prohibits practices such as spraying money at events, scattering, stepping on, tearing, crumpling, or otherwise defacing banknotes and coins.
According to Ms. Bondzi, the BoG, together with law enforcement agencies, has intensified enforcement to safeguard the quality and functionality of the cedi. She urged individuals, businesses, and institutions to handle the currency responsibly and to report any suspected violations to the authorities.
“Today’s arrest should serve as a clear warning to the public. Let us all handle the Ghana cedi with dignity,” Ms. Bondzi concluded.
Source: Apexnewsgh.com