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Seven arrested for using Ghanaian banknotes to make 'money bouquets'

Seven arrested for using Ghanaian banknotes to make 'money bouquets'

Summary

Ghanaian authorities arrested seven women for making and selling “money bouquets” and cakes decorated with Ghanaian banknotes, which is against the law. The Bank of Ghana says misusing the cedi this way can lead to fines or jail, and they are investigating further to prosecute offenders.

Key Facts

  • Seven women were arrested in Accra for using Ghanaian banknotes to create “money bouquets” and decorate cakes.
  • The Bank of Ghana says this practice is illegal and counts as misuse of the national currency, the cedi.
  • The arrests happened after a tip-off and were done with police support.
  • People use money bouquets and cash decorations for weddings, birthdays, and other celebrations.
  • The authorities warn that such misuse can lower the value of the cedi and lead to legal penalties.
  • Anyone who helps or promotes these activities may also be arrested and prosecuted.
  • Other African countries like Kenya, Nigeria, South Africa, and Botswana have issued similar warnings against misusing their currencies.
  • The Bank of Ghana has previously banned behaviors like throwing money at events or writing on banknotes.
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