Bank of Ghana reaffirms commitment to combat counterfeit currency circulation
The Bank of Ghana has underscored its unwavering commitment to curbing the proliferation of counterfeit currency within the nation’s borders.
Addressing a press conference during a tour of the currency processing centre as part of Ghana Heritage Month, Dominic Owusu, Head of the Currency Management Department, highlighted the institution’s strides towards achieving a zero-tolerance approach to counterfeit currency.
While Ghana boasts commendably low rates of counterfeit banknotes, with a reported incidence of approximately seven counterfeit notes per million, Mr. Owusu stressed the necessity for continued vigilance.
“In the international arena, where the threshold stands at 100 pieces per million banknotes, Ghana’s performance is laudable. However, the onus remains on the public to familiarise themselves with the security features embedded in our currency,” he remarked.
Mr Owusu further emphasized the broader significance of maintaining the integrity of the Ghanaian cedi.
“A nation’s banknotes are its calling card to the world,” he noted, adding that currency not only engenders national pride but also serves as a catalyst for tourism. “Clean banknotes,” he asserted, “can be a subtle yet influential factor in enhancing a visitor’s perception of our nation.”
The campaign against counterfeit currency is not merely a matter of financial integrity but also one that has broader implications for Ghana’s international standing and its burgeoning tourism sector.
