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New Ghana cedi notes out
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Early birds... Customers of the Barclays Bank, Circle branch display their new Ghana cedis.
Early birds... Customers of the Barclays Bank, Circle branch display their new Ghana cedis.
 
 
 
 
 
 
The new Ghana cedis and pesewas currency is out in circulation on Tuesday.

A few ATMs have been issuing out the notes and its immediate advantage - convenient to carry – easily tells in the hands.

There have been some level of disappointment across Accra however, as most customers hoping to have a feel of the new currency and went to their banks very early in the morning returned empty handed as Automated Teller Machines (ATMs), usually operational 24 hours, were dead.

It is expected that more ATMs will be activated as the day wears on and the banks open for business.



The value is the same

Myjoyonline Ghana News Photos | Light on the pocket, same value.
Light on the pocket, same value.
 
The Government had pegged July 1 as the date for the official circulation of the new currency (notes and coins), but the Republic Day holidays (Sunday and Monday) ensured that there was no transaction in the new currency by members of the public.

The new currency will be in circulation along with the old one which the Central Bank says will be gradually withdrawn from circulation by the end of the year.

Until then, the two currencies will be legal tender.

The new currency is being rolled out in a redenomination exercise which has promised an equal value.

One new Ghana cedi is equivalent to 10,000 Ghana cedis.





       

 
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