Mr Kennedy Adu, Director of Banking Department at the Bank of Ghana (BoG) on Thursday said improved money counting machines will help maintain integrity in the business of counting money.
Mr. Adu said there is the need to ensure the integrity of cash transactions in the country and it could only be achieved through the usage of improved equipment to facilitate banking activities.
The BoG Director stated this at the Product Exhibition and Launch of new money counting machines by Krif Ghana, in Accra.
He said it is important that when you are being paid money, it is the exact amount you are expecting and it is very important that Banks are able to detect counterfeits, shortages, and mixed denominations in a bundle.
Mr Adu reiterated the need for stakeholders to join forces to chase out those who are involved in counterfeiting; “It is very important that we come out with equipment that will help us maintain the integrity in money business”.
He noted that highly improved new counting machines would help banks to sort out their currencies smoothly and prevent sanctions from BoG.