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
-
Ghana records over 7,000 obstetric fistula cases amid calls for better maternal healthcare
32 seconds -
Heavy rains destroy bridge, cut off some communities in Wa West
8 minutes -
Groupe Nduom has won one battle but the capital war continues
10 minutes -
Over 4,000 weapons surrendered during gun amnesty period — Dr Bonaa
20 minutes -
Stonebwoy set to fill OVO Arena Wembley on August 15 with BHIM Festival
31 minutes -
The African Union’s expanding footprint in strengthening cross-border tourism and trade unity in Africa
37 minutes -
Today’s Front pages: Tuesday, May 26, 2026
40 minutes -
Netanyahu vows to ‘increase the blows’ against Hezbollah as Israel intensifies strikes in LebanonÂ
48 minutes -
US strikes Iranian missile sites and boats near Strait of Hormuz amid peace talksÂ
55 minutes -
Why it’s time to change Ghana’s cocoa law
60 minutes -
Adamus Resources defends reputation amid renewed public scrutiny
1 hour -
GN Savings and Loans could resume operations before end of 2026 — Dr Kweku Nduom
1 hour -
Telecel CEO speaks on closing Africa’s gender gap in technology at Rwandan summit
2 hours -
Analysis: Why the cedi is depreciating
2 hours -
What are they hiding? – Tech consultant questions rush for 15 digital bills
2 hours