BoG prepares new Currency Act to tackle cedi counterfeiting and abuse
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The Bank of Ghana is collaborating with stakeholders to create a new Currency Act. Governor Dr Johnson Asiama stated the goal is to stop the counterfeiting of the cedi. The new law aims to implement proportionate penalties for those who abuse the currency. This effort is intended to deter illegal financial activities.
The Bank of Ghana (BoG) is working with stakeholders on a new Currency Act to deter counterfeiting and impose proportionate penalties, Governor Dr Johnson Asiama said.