Bank of Ghana Destroys Old, Torn and Dirty Notes Using Industrial Shredding Machines – Dominic Owusu

Here is a news article written for Opera Hub News, based on the information provided.

**Headline: Bank of Ghana Destroys Old, Torn and Dirty Notes Using Industrial Shredding Machines – Currency Management Director**

The Bank of Ghana has clarified how it disposes of currency notes that are no longer fit for circulation, revealing that old, torn and dirty notes are removed from circulation and destroyed using industrial shredding machines. The disclosure was made by Dominic Owusu, Director of Currency Management at the Bank of Ghana.

According to Mr. Owusu, the central bank routinely withdraws worn-out notes from the system as part of its mandate to maintain the quality and integrity of the national currency. The shredded notes are destroyed through specialised industrial equipment, ensuring that unfit currency is permanently taken out of circulation and cannot be reintroduced into the economy.

The process forms part of the Bank of Ghana’s broader currency management operations, which include issuing new notes, withdrawing unfit ones and maintaining public confidence in the cedi. Mr. Owusu’s explanation provides insight into the behind-the-scenes mechanisms that keep Ghana’s currency in good condition and protect the economy from the risks associated with counterfeit or degraded notes.

The revelation is also likely to spark public interest in what happens to the shredded currency after destruction, with many Ghanaians curious about whether the materials are recycled or repurposed. The Bank of Ghana has in the past explored ways of putting shredded notes to productive use, including in the production of items such as paper products and compost.

The clarification from the Currency Management Director underscores the central bank’s commitment to transparency in its operations and its ongoing efforts to educate the public about how the national currency is managed.