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
-
May 2026 PPI increases sharply to 5.8%
35 minutes -
Police arrest 2 over fake online vehicle sale scam, one suspect still on the run
49 minutes -
MTN Ghana takes Y’ello Care support to Maamobi Hospital
1 hour -
Architectural Society of Ghana established to champion inclusive and progressive profession
1 hour -
Are we optimising ourselves into forgettable marketing?
1 hour -
SDG 2 has a Missing Pillar: The case for Farm Financial Management as a Global Food Security Imperative
2 hours -
Sacred Crown Awards 2026 opens nominations under Ga Mantse’s Royal Patronage.
2 hours -
Black Stars jersey sales surge as fans rally behind team ahead of Panama clash
2 hours -
Nigerian man jailed for storing human faeces outside his home
2 hours -
MPs hold ‘jama’ session ahead of Black Stars opener against Panama
2 hours -
Patience Abbah crowned Mama G 2026 as Geisha celebrates 10 women who go beyond
2 hours -
Failure to beat Panama in World Cup group stage will be disappointing – Ghanaian fans to Black Stars
2 hours -
NPP disputes claims over Afari Military Hospital, says project is 98% complete
3 hours -
We owe no contractors on Accra-Tema Motorway project – Road Minister
3 hours -
Iran soccer team ordered to depart US immediately after World Cup matchesÂ
3 hours