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
-
Partey visa ban: We are racing against time – Ablakwa reveals barely 48hrs to Ghana’s opener
38 minutes -
DHLTU’s Open Day and Mini Trade Fair: When classrooms turn into marketplaces
39 minutes -
Stranded tricycle waste collectors threaten to offload trash at unauthorised locations in Kumasi
50 minutes -
Upper West minister challenges DHLTU leaders to excel at SRC Week 2026 launch
57 minutes -
Office of Government Machinery not burdened by political appointees — Kwakye Ofosu replies Damongo MP
2 hours -
US Air Force B-52 bomber plane crashes after take off in California
2 hours -
SpaceX IPO raised $10bn more than thought
2 hours -
Heroic Cabo Verde clinch draw with Spain
2 hours -
Parents of 24 Ghanata SHS students agree to pay GH¢5,200 over alleged food theft by their wards
2 hours -
Kasapreko PLC lists on GSE, opens new chapter for growth
3 hours -
AI strategy key to positioning Ghana as leader in responsible AI development – Bandim Abed-Nego
3 hours -
Damongo MP urges CSOs to probe true cost of Mahama’s government
3 hours -
Ministerial numbers alone do not reveal government size – Samuel Jinapor
3 hours -
Ghana’s flooding problem caused by years of poor attitudes and weak enforcement – Researcher
3 hours -
Two diesel trailers collide at Kwahu Hwidiem
3 hours