BoG clarifies handling uncirculated Banknotes for Liberia
The BoG assured that these banknotes will be re-exported to Liberia once logistical arrangements are finalised.
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The Bank of Ghana (BoG) has clarified allegations made by MP Samuel Okudzeto Ablakwa regarding the handling of uncirculated banknotes for the Central Bank of Liberia.
In a statement dated August 28, 2024, the BoG clarified that the uncirculated banknotes are part of a long-standing currency transfer arrangement between the two central banks, established in 2004.
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The BoG assured that these banknotes will be re-exported to Liberia once logistical arrangements are finalised.
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The Central Bank of Liberia also confirmed the legitimacy of the arrangement, emphasising that the shipments are cleared through customs in both countries.
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The BoG criticised Mr Ablakwa’s attempts to misinform the public by circulating sensitive documents related to this agreement.
Source:classfmonline.com
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