Cedi traders risk imprisonment – Bank of Ghana

Cedi traders risk imprisonment – Bank of Ghana

The Bank of Ghana (BoG) has warned businesses and the public to desist from selling the country’s currency, the cedi, and pesewa coins or face prosecution. It said the act of giving a high value of the currency to people for lower values to meet their needs was illegal and punishable by summary conviction to a term of imprisonment not exceeding 10 years or a fine not exceeding 2,000 penalty units or both. In a public notice issued to the public yesterday, the central bank said any trading of the currency, regardless of the purpose, was criminal and, therefore, prohibited....