Seven arrested in Accra over use of cedi notes for money cakes, bouquets

Seven people have been arrested in Accra for allegedly using Ghana cedi notes to make money cakes and bouquets for sale. The arrests were made by the Bank of Ghana (BoG) in collaboration with the Ghana Police Service as part of efforts to stop the misuse of the country’s currency. According to the BoG, the suspects were picked up at different locations in Accra on Monday, October 5, 2026. Head of the Statistics Office at the Currency Management Department of the BoG, Dinah Bonzi, said the arrests should serve as a warning to others involved in similar activities. Cedi records mixed performance against dollar, pound and euro “The Bank of Ghana wishes to issue a warning to the general public against using banknotes and coins to create money bouquets, money cakes for weddings, birthdays, graduations and other similar events, which constitutes the misuse and abuse of the currency and is illegal and unlawful,” she said. She said the Bank would also go after people who help or encourage others to misuse the cedi. “Following today’s arrest on the alleged abuse of the Ghana currency, the bank wants to clearly state that persons found engaging in, aiding, promoting or facilitating such acts will be arrested and prosecuted by the appropriate law enforcement agencies,” she said. Bonzi said the cedi must be handled properly because it is the country’s legal tender. “The Ghana cedi is a legal tender of the Republic of Ghana and must be treated with respect. The misuse or abuse of the currency is an offence and may attract sanctions under the law,” she added. She said the arrested persons would face prosecution and could receive fines or prison terms. “From here they will be prosecuted,” she said. “Fines or even imprisonment according to the Act.” Bonzi said the latest arrests should remind the public that the cedi should not be used in ways that damage or abuse it. “Today’s arrest should serve as a clear warning to the public. Let us all handle the Ghana cedi with dignity,” she said. The BoG has also warned against spraying money at events, writing on banknotes, altering them, stepping on currency and using notes for decorations. ANAS/MA BREAKING NEWS: 7 Arrested in Accra Over Cedi Money Bouquets and Cakes Source: www.ghanaweb.com
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