Bank of Ghana Sets Record Straight on Currency Transfer Arrangement with Liberia
The Bank of Ghana has issued a statement clarifying a currency transfer arrangement with the Central Bank of Liberia, following misinformation circulating on social media.
Long-Standing Agreement
The Bank of Ghana has had a longstanding agreement with the Central Bank of Liberia since 2004, facilitating the transfer of uncirculated banknotes. This arrangement enables the Bank of Ghana to receive imported currency on behalf of Liberia for re-export to Monrovia.
Recent Shipment
The uncirculated banknotes mentioned in recent social media discussions, dated August 27, are part of this existing arrangement. Once logistical arrangements, including scheduled flights, are finalized, the banknotes will be re-exported to Liberia.
Security Protocols
The Bank of Ghana emphasized that all relevant stakeholders are officially informed of the entry and exit of consignments related to this arrangement, adhering to strict administrative processes and security protocols.
Addressing Misinformation
The Bank of Ghana expressed disappointment that a lawmaker circulated sensitive procedural and administrative clearance letters involving another sovereign nation, potentially misleading the public.
Testament to Strong Bilateral Ties
The arrangement between the Bank of Ghana and the Central Bank of Liberia demonstrates mutual trust and a strong bond of friendship between Accra and Monrovia.
Commitment to Excellence
The Bank of Ghana reaffirmed its commitment to upholding its reputation as a reliable and trustworthy institution in international and domestic currency management engagements.
Conclusion
The Bank of Ghana has set the record straight, clarifying the currency transfer arrangement with Liberia. This longstanding agreement showcases the strong bilateral relationship between the two nations and the Bank’s dedication to excellence in currency management.
