Audio By Carbonatix
The Member of Parliament for Adansi Asokwa has a problem with the name of the local currency - the Ghana Cedi.
K. T. Hammond is of the opinion that the use of "Ghana" is needless and must therefore be taken off.
He expressed his frustrations on the floor of Parliament on Wednesday on the issue which he says has been bugging him for years.
"Mr. speaker there is this thing going on about Ghana cedis. I have travelled widely throughout the world and I haven’t come across anything like Mongolia cedis.
“It is only in Ghana that we have cedis; what is this business about Ghana cedis?” he quizzed.
His comments were retorted by the some members of the majority side who screamed about the existence of US dollar to justify why the Ghana cedi must be maintained.
But the Adansi Asokwah MP will not yield: “They haven’t travelled before; US dollars is used because we have Jamaican dollars, Australian dollars, Canadian dollars you have so many dollars.”
“…Ghana is the only country with cedis. So why do we go on with Ghana cedis.”
The Deputy Speaker Doe Adjaho who presided over Wednesday's sittings however ruled him out of order.
The Bank of Ghana at the introduction of the new currency during the redenomination exercise found it necessary to re-designate it Ghana Cedi to distinguish it from the then existing currency because the two were to co-exist for some time.
Source: Joy News/Myjoyonline.com/Ghana
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
-
Private jet carrying eight crashes in Maine
3 seconds -
We need someone with a vision for Ghana’s development – former MP backs Dr Bawumia
6 minutes -
Economists alone cannot develop Ghana – Frimpong Boateng
10 minutes -
Architects urge government to review local laws for stricter construction site inspections
15 minutes -
Weekend City Show on Joy FM now airs at 7am on Saturdays
19 minutes -
Ghanaians Fear Structure
20 minutes -
Merging development and physical planning departments will undermine Ghana’s urban future – LoGSAPP
29 minutes -
Global power shifts threaten Ghana’s economy – Afenyo-Markin
33 minutes -
France debates under-15s social media ban endorsed by Macron
40 minutes -
How ICACE empowers private sector to integrate climate action and ESG for resilient growth
48 minutes -
Abu Trica re-arrested after High Court strikes out certiorari application
1 hour -
France debates under-15s social media ban endorsed by Macron
1 hour -
Be ready to beat us; no more rushed bills under certificate of urgency – Minority warns Majority
1 hour -
Police intercepts vehicle in drug bust on Accra-Aflao Road
1 hour -
UNEP Report: World spends 30 times more on destroying nature than protecting it
1 hour
