Audio By Carbonatix
The Northern Regional Director of the National Commission for Civic Education (NCCE), Mr Issah Abdulai Nassigre, has indicated that the pricing of products would be the biggest initial challenge after the introduction of the de-nomination of the cedi.
He explained that many people especially the rural folk and some illiterate traders would be confused as to how to price their wares, receive and give change involving the smaller de-nomination to customers.
Speaking in an interview with the GNA, Mr Nassigre said the NCCE through its educational interactions with market women noted that, most of them expressed their concerns and misunderstanding about the de-nomination.
He said when the NCCE interacted with some traders in Yendi the traders wanted to know whether the 10 and 20 cedis coins, which were still in the system are still legal tender and was also liable to change in July.
Mr Nassigre said that the sensitisation exercise revealed that, the banks were currently not accepting 10 and 20 cedis coins, yet no explanations have been given about its rejection.
He said another issue emerging out of the educational campaign was the conversion of figures to the new currency, for instance the conversion of ¢21,854,321 to the new currency.
Mr. Nassigre said some of the people demanded to see a sample of the new currency to enable them have a better understanding of the changes.
He explained that the first phase of the educational campaign, which his outfit had embarked upon would end in April and was basically for the education of the people and that the second phase, would be on the evaluation of the educational campaign and the feedback.
He, however, appealed to the media to help to intensify the campaign to ensure that people understood and accepted the new currency without confusion.
When the GNA contacted the Agricultural Development Bank, an official who pleaded anonymity, said the bank was waiting for directives from the Bank of Ghana on how to deal with old coins, particularly that of the ten and the 20 cedis, which were still legal tender.
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
-
Nana Aba Anamoah rates Mahama’s performance
30 minutes -
Religious Affairs Minister urges Christians to embrace charity and humility as Lent begins
1 hour -
Religious Affairs Minister calls for unity as Ramadan begins
1 hour -
Willie Colón, trombonist who pioneered salsa music, dies aged 75
2 hours -
Guardiola tells team to chill with cocktails as Man City pile pressure on Arsenal
3 hours -
Majority blasts Minority over Burkinabe border bloodbath claims
4 hours -
Analyst says Burkina Faso killings were a calculated signal to Ghana
5 hours -
Veep extends Ramadan greetings, donates to Cape Coast Central Mosque
5 hours -
UBIDS secures $6.6m prefabricated classroom complex to end space deficit
7 hours -
Gold Fields Ghana Foundation deepens childhood cancer awareness drive; invests $4.8m in community health
7 hours -
Iran students stage first large anti-government protests since deadly crackdown
7 hours -
Fire guts Saboba Hospital’s Children Ward
8 hours -
Interior Ministry extends aptitude test dates for WASSCE applicants in 2025/26 security services recruitment
9 hours -
National Investment Bank donates GH₵1m to support GAF barracks redevelopment project
10 hours -
Gomoa-East demolition: 14 suspects remanded by Kasoa Ofaakor Court
10 hours
