The Governor of the Financial institution of Ghana, Dr. Johnson Asiamah, has referred to as on Ghanaians to resume their confidence within the native foreign money and take an lively function in defending it from counterfeiting and abuse.
Talking on the Absa-UPSA Regulation College Quarterly Roundtable in Accra, Dr. Asiamah emphasised the necessity to protect the integrity of the Ghana cedi, warning that rising instances of foreign money counterfeiting threaten the soundness of Ghana’s financial system.
“So in Ghana, if we’re to safeguard the cedi’s function in our financial system, we should start by reclaiming its status in our on a regular basis lives. Allow us to worth in cedi, and allow us to transact in cedis. Allow us to educate our kids that the cedi is worthy of their belief, their financial savings, and their ambition,” he stated.
“As a result of in the long run, the energy of a foreign money isn’t decided solely by central banks or monetary markets. It’s decided by the individuals who use it, the individuals who defend it, and the individuals who consider in it.”
Dr. Asiamah additionally expressed deep issues over reviews of legal exercise involving counterfeit foreign money, significantly in city areas and urged residents to report any such criminal activity on to him or regulation enforcement companies.
“Not too long ago, I heard a narrative someplace inside Accra about people concerned in counterfeiting foreign money. These individuals are producing faux notes illegally,” he revealed.
“If we permit these practices to thrive in society, why are we shocked when the foreign money loses worth? If you happen to discover anybody participating in foreign money counterfeiting, whether or not it’s the cedi, the greenback, or whichever foreign money, please my telephone quantity is far and wide. Ship me a WhatsApp”, he talked about.
Dr. Asiamah expressed additional concern about reviews that international nationals are additionally taking part in counterfeiting operations, together with Ghana’s historic foreign money designs.
“The heartbreaking half is that I’m informed quite a lot of foreigners are concerned in that. They’re counterfeiting Kwame Nkrumah’s cedis, the cedi he launched. They’re destroying it. And Ghanaians know these folks.”
The Absa-UPSA Roundtable introduced collectively authorized specialists, regulators, monetary leaders, and college students to discover the hyperlink between financial coverage, foreign money integrity, and nationwide growth.
The occasion underscored the vital function of public belief and citizen engagement in strengthening Ghana’s financial methods.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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