It is a criminal offence to mutilate money in Ghana. However, there has not been arrests and prosecutions to deter members of the public from the practice. In 2002, the Bank of Ghana (BOG) was spending about 3 billion every month to replace bank notes that are mutilated by poor handling practices such as tearing, crumpling, frequent folding, burning and soiling with dirt, oil and other fluids.
This is because mutilated notes cease to be legal tender because they lose their security features as a result of being badly torn, partially burnt, too soft and light, dirty or defaced. That is why they are withdrawn from circulation and burnt.This has been a serious concern to the Bank over the years but the general public, including some public persons are not helping keep the cedi notes safe instead, they are becoming culprits day in day out to this offence.
Controversial media personality and comedian Afia Schwarzenegger in a video posted on her Instagram page about 22 hours ago is seen crumpling lots of twenty Ghana cedi notes while she dances to Keche’s popular hit song “No Dulling”. Who enforces this law? Watch the video below and share your thoughts with us.
Story by: Reagan O.O.Osarfo (Nana Reagan)