Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A person commits an offence if they discount current coin or a note below its face value, or try to do so.”
A person commits an offence if they discount current coin or a note below its face value, or try to do so. It is an offence for any person to buy, sell, offer, induce, or use current silver coin legal tender in Ghana at more than its face value. A person must not make the sale price of goods or property vary depending on whether payment is made in coin, silver coin, or notes. A person must not refuse to sell an article offered in the ordinary course of business because the buyer offers current coins or notes as payment. People convicted of offences under sections 1, 2, or 3 can be jailed for up to 10 years or fined up to 500 Ghanaian pounds, or both. Offences under section 4 can lead to up to 3 years' imprisonment or a fine up to 250 Ghanaian pounds, or both.
02
How the instrument operates
- 01
Start with the recorded version
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- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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A person commits an offence if they discount current coin or a note below its face value, or try to do so.
Section 1
A person without lawful authority or excuse must not make, sell, offer for sale, or possess for sale metal-like items that resemble current coin; doing so is a second degree felony.
Section 11
In an indictment for an offence under this Part, it is enough to identify the note by its usual name or by its purport, without copying the whole note.
Section 21
A District Magistrate may issue a search warrant, and a named police officer may search the place and seize the listed items.
Section 30
This section repeals two currency laws and parts of another law, and preserves related regulations by treating them as made under this Act.
Section 40
04
Source and current-law status
Source record view
Source record from hdl.handle.net · Undated source snapshot
The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.