The Bank of Ghana (BoG) has clarified its currency transfer arrangement with the Central Bank of Liberia (CBL), stressing that this partnership has been in place since 2004.
The clarification comes after reports surfaced on social media concerning uncirculated banknotes, which the BoG described as an attempt to “misinform and disinform the public.”
In a press release dated Wednesday (28 August), the BoG explained that under this long-standing agreement, it receives imported currency on behalf of the CBL for re-export to Monrovia.
The central bank reassured the public that the notes in question would be sent to Liberia once all logistical arrangements, including scheduled flights, are completed.
“The said uncirculated banknotes mentioned in the social media discussions on 27 August 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.”
The BoG also criticised a lawmaker for sharing what it termed a “sensitive procedural and administrative clearance letter” related to the currency transfer.
The bank expressed disappointment in the lawmaker’s actions; accusing the central bank of trying to create a misleading narrative.
“It is unfortunate that a lawmaker would circulate such sensitive procedural and administrative clearance letter involving another sovereign nation in a bid to misinform and disinform the public and attach a narrative that seeks to suggest some wrongdoing on the part of the Bank of Ghana.”
The BoG emphasised that the arrangement with the CBL is a symbol of the mutual trust and strong ties between Ghana and Liberia.
“The arrangement between Bank of Ghana and the Central Bank of Liberia signifies mutual trust between the two countries and a testament to the strong bond of friendship between Accra and Monrovia.”
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