Business
E-cedi: Bank of Ghana to pilot digital currency
Ghana is in advanced stages to roll out the e-cedi
DL News
Results for “currency”
104 results.
Business
Stop buying or selling foreign currency or face prosecution-BoG warns unlicensed entities
“The sole legal tender in Ghana is the Ghana cedi and the Ghana pesewa. It is prohibited to price, advertised, and demand payment for goods and services in foreign currency.”
DL News
General
“I am not a criminal” – Alhaji Bandoh denies involvement in printing fake currency
The Chief Executive Officer (CEO) of Bahmed Travel and Tours, Alhaji Ahmed Bandoh has refuted allegations that he was involved in the operations of a fake currency syndicate that was busted at the Kotoka International Airport.
DL News
Tech
Should Banks create their own cryptocurrencies?
Even as far back as 2013, bitcoin was worth almost as much as gold. And, at the end of 2016, the total value of bitcoins in circulation was US$14bn. Is it time for banks to consider creating theirs?
The Conversation | Nafis Alam & Graham Kendall
Business
BoG responds to alleged criminal misuse of currency transport boxes
In a release titled “Use and Misuse of Bank of Ghana Currency Transport Boxes,” the central bank clarified that while these sturdy wooden boxes are built for the secure movement of currency and often reused after official operations, any in...
DL News
Business
Over-the-counter dollar withdrawal rules remain unchanged-BoG
In an official notice dated May 15, 2025, and signed by the Bank’s Secretary, Sandra Thompson, the central bank reaffirmed that no new rules have been introduced restricting access to funds in foreign currency accounts.
DL News
Asia
China declares all crypto-currency transactions illegal
Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of people’s assets”.
DL News
Africa
Economist proposes Cryptocurrency as reasonable alternative to single trade currency under AfCFTA
Reports have shown that more cryptocurrency trading in Nigeria, with 1.1 million trades per month, is more than any other African country current trading, indicating somewhat a loss of faith in traditional investment forms.
DL News
Business
BoG to pilot the e-Cedi, first digital currency in Africa
the Bank of Ghana has signed an agreement with G+D to implement a pilot CBDC project as a precursor to the issuance of a digital form of the national currency,
DL News
Courts
Court jails Indian 5 years over fake currency possession
The convict, Shubham Sharma, a manager, was also ordered to be deported after serving his sentence.
DL News
Courts
Court remands five over counterfeit cash operation
The accused—Shubham Sharma, James Mozu Bonaparte, Prince Owusu Ahenkorah, Jonathan Kwame Appiah, and Solomon Adjetey Adjei—were hauled before the Accra Circuit Court last Friday.
DL News
Africa
Popular Nigerian cross-dresser, Bobrisky files appeal to challenge six-month sentence
On April 12, 2024, a Federal High Court in Lagos, sentenced Bobrisky to six months' imprisonment without the possibility of a fine for his involvement in currency abuse.
DL News
Africa
Nigeria warns of digital currency fraud
The e-Naira, a digital version of the naira, is issued by the central bank and is held in an electronic wallet – a first of its kind in Africa to be issued through a government entity.
BBC
Crime
13-member gang arrested with over $5million in fake currency at Airport
The National Security has busted a 13-member gang involved in the printing and distribution of fake currency notes to unsuspecting victims, mostly foreign nationals.
DL News
Crime
Seven arrested in Accra over use of cedi notes for money bouquets, cakes
The arrests followed a joint operation by the Bank of Ghana and the Ghana Police Service after authorities reportedly received information about the activities.
DL News
Crime
16 arrested in security operation targeting counterfeit currency networks
According to the Secretariat, the operations targeted both local and transnational syndicates suspected of printing, possessing and distributing counterfeit Ghanaian and foreign currencies.
DL News
Business
Cedi first: BoG Governor warns against dollar payments in Ghana
Addressing stakeholders at the ABSA-UPSA Quarterly Banking Roundtable on Thursday, July 17, Dr. Asiama stressed that the Ghanaian cedi is the sole currency with legal backing for domestic transactions.
DL News
Courts
Five granted bail over GH¢2.3m, $191k counterfeit currency scandal
At the center of the case is Shubham Sharma, the General Manager of a company based in Accra, who is accused of orchestrating the scheme.
DL News
Courts
Court discharges six in alleged $1M fake currency scam
Presiding Judge Susan Eduful freed the accused—Abdel Razak Djidonou (44), Simon Mbillam, Mohammed Ibrahim (62), Prince Pius (44), George Bonsu (64), and Chief Toni Silas (53)—after determining that the court was not the proper venue to hear...
DL News
Courts
8 illegal currency traders granted bail
They have been charged with engaging in business of dealing in foreign exchange without licence and have all pleaded not guilty.
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