Mr. Kennedy Okosun, Chairman of KRIF Ghana Limited, a leading money-handling equipment company, has asked businesses to stay vigilant in order to ward off currency counterfeiters. Mr. Kennedy Okosun says people who deal in large sums of money, especially the financial service sector, should particularly be alert if they are to detect counterfeit notes. Currency counterfeiting is big business the world over. The use of counterfeit-detection money counting machines is encouraged to discourage the practice. But Mr. Okosun says possessing the machine alone is not enough assurance to fight counterfeiting. According to him, the sophistication with which currency counterfeiters have become demands that people in trade and commerce be on guard to ensure they are protected against the fraudsters. “There are organizations and individuals who are proficient in this matter of counterfeiting currencies and they pick on any country and they could do a lot of damage to the economy if they flood the market with counterfeit currency”, Mr. Okosun told Luv FM. He emphasized “it’s a danger and you can’t do without vigilance, because even if you buy a machine from KRIF which has been equipped to detect any known counterfeit, you still need to be vigilant because when the machine arrest the counterfeit it beeps an alarm and you could miss that sound and take that money as genuine”. KRIF has held a seminar and exhibition on money counting machines that detect counterfeit notes for businesses in Kumasi and Mr. Okosun says the company has made it an obligation to solve the problem of counterfeits by putting sophisticated machines on the market. He entreated businesses to pay attention to available solutions to stay protected. Story by Kofi Adu Domfeh