‘Take damaged banknotes to commercial banks for replacement’ – BoG warns against repairing cedi notes for resale

The Bank of Ghana (BoG) has cautioned the public against repairing and rejoining torn or soiled Ghana Cedi banknotes for re-issuance or recirculation as a business activity.

It also encouraged the public to handle Ghana Cedi banknotes carefully and report individuals involved in the improper repair, re-joining or mutilation of banknotes to the Bank of Ghana or the appropriate law enforcement authorities.

The Bank of Ghana said it has the sole mandate for managing Ghana's currency and urged anyone holding a torn or mutilated banknote to take it to a commercial bank for examination and possible replacement under the central bank's established procedures.