• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

BoG Governor Urges Public Confidence in Cedi, Warns Against Currency Counterfeiting

2 weeks ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
47
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

BoG Governor Urges Public Confidence in Cedi, Warns Against Currency Counterfeiting

The Governor of the Bank of Ghana, Dr Johnson Asiamah, has called on Ghanaians to renew their trust in the Ghana cedi and actively contribute to safeguarding the integrity of the national currency.

Speaking at the Absa-UPSA Law School Quarterly Roundtable in Accra, Dr Asiamah expressed concern over the rising incidence of currency counterfeiting, warning that such criminal acts pose a significant threat to the stability of the country’s monetary system.

“So in Ghana, if we are to safeguard the cedi’s role in our economy, we must begin by reclaiming its prestige in our everyday lives. Let us price in cedis, and let us transact in cedis. Let us teach our children that the cedi is worthy of their trust, their savings, and their ambition,” he stated.

He noted that the strength of the local currency is not determined solely by central bank policy or financial market dynamics, but by the confidence, usage, and protection provided by the citizenry.

“Because in the end, the strength of a currency is not determined only by central banks or financial markets. It is determined by the people who use it, the people who protect it, and the people who believe in it,” he added.

Dr Asiamah disclosed that recent reports reaching the central bank suggest an uptick in the circulation of counterfeit notes, particularly in urban centres such as Accra. He urged the public to remain vigilant and report suspicious activities to law enforcement or directly to his office.

“Recently, I heard a story somewhere within Accra about individuals involved in counterfeiting currency. These people are producing fake notes illegally. If we allow these practices to thrive in society, why are we surprised when the currency loses value?” he quizzed.

He continued, “If you find anyone engaging in currency counterfeiting, whether it’s the cedi, the dollar, or whichever currency, please my phone number is all over the place. Send me a WhatsApp.”

The Governor further lamented reports of foreign nationals’ involvement in counterfeiting operations, including reproductions of historic Ghanaian currency bearing the image of the country’s first president, Dr Kwame Nkrumah.

“The heartbreaking part is that I’m told a lot of foreigners are involved in that. They are counterfeiting Kwame Nkrumah’s cedis, the cedi he introduced. They are destroying it. And Ghanaians know these people,” he stated.

The Absa-UPSA Law School Roundtable brought together legal practitioners, regulators, academics, and students to deliberate on the interlinkages between monetary policy, currency integrity, and national development.

The event underscored the vital role of public trust and civic engagement in bolstering the country’s economic resilience.

Tags: BoG Governor Urges Public Confidence in CedicediWarns Against Currency Counterfeiting

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.