By
Simon Asare, GNA
Accra, Feb. 27, GNA
– 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 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.
Rev. Kennedy Okusun,
the Executive Chairman of Krif Ghana, said the new machines were introduced as
a result of difficulties in counting the newly introduced currencies by some
customers.
As a result, they
teamed up with manufacturers of the money counting machines, Olympia of Germany
and Magner of USA, to introduce new money handling machines of exceptional
qualities onto the Ghanaian market.
He said the Olympia
NC-540, Olympia NC-540, Olympia NC-620 had been specifically designed for the
Ghanaian currency and would be able to count both the existing and the new cedi
notes perfectly without any hitches or flaws.
“These machines do
not make errors. Efficiency and accuracy are their hallmark and these are what
we put at the disposal of everyone on the Ghanaian market,” he said
GNA