Bank of Ghana clarifies transfer arrangement between Ghana and Liberia
Published:
2 months ago
Source:
3News
For the avoidance of doubt, the Bank of Ghana (BoG) has said it has had a long-standing currency transfer arrangement with the Central Bank of Liberia since 2004, and per this agreement, the Bank of Ghana receives imported currency on behalf of the Central Bank of Liberia for re-export to Monrovia. The central bank said this after taking note of a news item circulating on social media, purported to "misinform and disinform the public", about the movement of Uncirculated Banknotes received by the Bank of Ghana, on behalf of the Central Bank of Liberia. According to the BoG, the said uncirculated banknotes mentioned in the social media discussions on August 27 are part of this longstanding arrangement. When all logistical arrangements, including scheduled flights, are finalised, these would be re-exported to the Central Bank of Liberia, it explained. As part of administrative processes and security protocols, all relevant stakeholders are officially informed of the entry and exit of consignments related this arrangement.