Audio By Carbonatix
With just three days left for the old cedis to cease being legal tender, some residents in Tema on Friday rushed to the various banks to change the old currency for the new one.
While some of them carried their coins in trays, baskets, rubber bags among others, some also went to the banks with torn old cedi notes especially the 1,000 and 2,000 denominations.
A visit by the Ghana News Agency (GNA) to some banks in the metropolis showed long queues of people waiting to change the old cedis.
At the Community one branch of the Ghana Commercial Bank, customers mostly women, were busily counting their old cedi coins and notes at the counter, while some looked dejected due to the long queue at the bank.
Some of the customers told the GNA that even though they were aware that the banks would still change the old currency after December 31, they wanted to avoid any disappointments by the Bank of Ghana (BOG).
Officials of the bank who were busily attending to customers stated that, even though they expected people to change the old currency, the amount of old coins being brought in suggested that traders deliberately waited till the last minutes to turn them in.
"Looking at the volume of coins being brought in and the state of most of the notes, I think they were keeping it till now", one official said.
An official at the National Investment Bank (NIB) noted that due to the bank's closeness to the market, the traders have been rushing to the bank since Thursday to change the old cedi, especially the coins.
She said even though the traders were demanding more Ghana Pesewa coins, the bank was finding it difficult to meet their demand as it was experiencing some shortage at the time of the visit.
The situation at the Pro Credit Bank was no different as its Banking Services Coordinator; Mr John Ackom confirmed that customers were demanding the Ghana pesewa coins even though his outfit does not have enough.
Mr Ackom advised customers not to rush to change the old cedis since the banks would continue changing the currencies after December 31.
Hajia Felicia Atchulo, Branch Manager of Standard Chartered said the bank was experiencing normal banking procedure as its customers were not rushing to change their old cedis.
Like the Standard Chartered, Barclays Bank had no queues and officials said they were having a normal working day.
Meanwhile some traders complained of the shortage of the Ghana pesewa coins, while others refused to accept the old cedis from buyers even though it remained legal tender till close of day on 31st December, 2007.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Sedina case: There’s nothing to appeal – Amaliba on AG’s decision to withdraw stay application
9 minutes -
Major Russian grain export terminal hit in Ukraine Black Sea port attack
23 minutes -
LA Lakers to be sold in record $12.5bn deal
24 minutes -
Sixteen inmates injured after lightning strikes US prison
24 minutes -
Bawumia, Dumelo, Afenyo-Markin, Bola Ray, others to headline Empower Vault Summit on October 14
34 minutes -
Sekyedumase Community Bank sues Asokore Mampong Assembly over demolition for 24-hour economy market
35 minutes -
“I’m partially single” – Tima Kumkum finally breaks silence on divorce rumours
36 minutes -
I’ve been the only one taking care of my kids for 14 years; no man has helped me – Tima Kumkum
42 minutes -
BoG Governor urges banks to redesign loans for agriculture-focused SMEs
54 minutes -
Black Queens demand outstanding bonuses and better support from government
55 minutes -
Some Ghanaians have a way of boxing you – Perez Musik
56 minutes -
ECG announces power outages in parts of Greater Accra and Volta Region
1 hour -
Incumbent Western North NPP Regional Chairman withdraws from seeking re-election
1 hour -
Government targets local production of Zonda vehicle components under 24-hour economy
1 hour -
Telecel, MoMAG train agents to improve professionalism, compliance and customer service
1 hour