Audio By Carbonatix
A commercial lawyer, Nana Asante Bediatuo says insisting on payments for goods and services in foreign currencies in the country is unlawful.
He said it is illegal and criminal for any business, agency or institution to demand payments in foreign currency without any exemptions.
Nana Bediatuo’s comments were in response to reports that the Ghana Airport Company in Kumasi refused to accept payments in the Ghana Cedi.
Instead, the company insisted on receiving money in dollars.
A businessman who pleaded anonymity said the company refused to accept the cedi equivalent of $5,000 dollars in lieu of services rendered him.
“The bill is in dollars but we don’t have dollars at the moment so we called them up to see if they could give us an exchange rate so we could pay them in (Ghana) Cedi, we spoke to the accountant and he insisted they are not going to accept cedis for payment…even though we are in Ghana our currency is the Ghana Cedi.”
Management of the company have declined comment on the issue.
But Nana Asante Bediatuo told Joy News’ Evans Mensah the action of the company is illegal.
He wondered why the company was violating the Bank of Ghana directives that organisations and businesses should desist from using foreign currencies to do business in the country.
Story by Malik Abass Daabu/Myjoyonline.com
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
-
GHAMRO distributes GH₵856,700 December royalties
21 seconds -
Black Queens are ‘doing extremely well’ – Björkegren on 2025 year review
1 minute -
Act 1122 reshapes GSA as Prof Gyampo outlines tough discipline, cost reforms and 2026 priorities
6 minutes -
Ghana gets $10.5m for qualifying for World Cup 2026
8 minutes -
GHAMRO explains GH¢123.82 royalty payment to Fancy Gadam
8 minutes -
PPI for November 2025 falls to 12.3%
8 minutes -
Techiman police arrest 25 in major swoop; drugs seized
16 minutes -
Love in marriage goes beyond sex – Rev. Daniel Annan
16 minutes -
GSA records major regulatory, infrastructure gains under Prof. Gyampo’s leadership
17 minutes -
Housing remains central to my reset agenda – Mahama
18 minutes -
You’re not a presidential material – Atta-Akyea to Ken Agyapong
24 minutes -
All set for the ultimate Boxing Day hangout: Joy FM Family Party in the Park is almost here
26 minutes -
Western Region chiefs push for full rubber export ban, say restrictions are not enough
27 minutes -
Ghana’s Rice Story: Where we are, what must change, and why it matters to all of us
39 minutes -
Education Ministry denies reports of 13th-month salary proposal for teachers
39 minutes
