Circulation of fake or counterfeit money is not just an issues of the Bank of Ghana but of every good citizen. No one want to be giving a fake or counterfeit money. Sometimes, the genuine concern people show to make sure they are not giving fake money in return for a goods sold or services provided are just interesting.
In case, you suspect a fake money, the Bank of Ghana has outlined some guidelines to deal with it.
Emphasis must be made that, the circulation of banknotes is the responsibility of Bank of Ghana. The law grants the Bank the exclusive right to issue banknotes. The Bank is also the holder of the copyright thereto. Counterfeiting and even possession of counterfeit banknotes are punishable by law.
When you are not sure of the authenticity of the note, so the following:
1. The bearer of the banknote is supposed to compare the suspected banknote with one of the same denomination from a different source.
2. Do not compare with the reproductions in a brochure (or a print out from the internet), which always differ from the original.
3. Unfold a received banknote and look at the front and the back.
4. Check the banknote for the security features (refer to write-up on the Features of the Ghanaian Banknote)
5. Pay attention to soiled or repaired bills
6. The Bank of Ghana can assist you in verifying the validity of a suspected note.
6. Notify the police as soon as possible if you think that a banknote has been counterfeited
Let's protect our currency.
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