
Audio By Carbonatix
Providers of goods and services who are expected to implement the dual pricing policy set to be introduced by the Bank of Ghana seem unfamiliar with the conversion of the old cedi to the new one.To make the conversion and usage of the new currency easy the Central Bank says it will introduce dual pricing of goods and services in May, two clear months to the implementation date of the new policy.From May, prices of goods and services will be quoted in the new Ghana cedi as well as the current one.But some traders in the Central Business District of Accra who could not easily convert their original prices to the new Ghana cedi say they need more than TV and radio adverts to catch up.Meanwhile banks and other financial service providers in Kumasi are employing educational strategies to prepare customers for the redenomination of the currency.The financial sector players say they have identified a need to simplify the campaign to enable it make the desired impact.Officials say the exercise will ease the burden of conversion when implementation of the policy starts in July.
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
-
FDA warns of fake HIV test kits on Ghanaian market
17 minutes -
Africa urged to build resilient health systems as donor support tightens
22 minutes -
Easter gesture: Ablakwa settles medical bills for 85 North Tongu constituents
2 hours -
Africa must harness its population strength—Titus-Glover
2 hours -
Visa-free access doesn’t mean unlimited stay – Lom Ahlijah
2 hours -
From Golgotha to Kwahu: The Easter Migration of the Faithful and the Faithless
4 hours -
How the Ghanaian onion traders’ standoff with Nigeria unfolded and threatened local supply
4 hours -
No compensation for demolished structures on 24-Hour Economy market lands — Gov’t to structure owners
4 hours -
Financial Institutions must back local enterprises to spur growth – Deputy Minority Whip
4 hours -
Photos: Gomoa Easter Carnival 2026 ends in a burst of colour and celebration
5 hours -
Gomoa Easter carnival ends in colour as fashion, music and celebrity appearances light up final night
5 hours -
Families pick Luv Fm Family Party to celebrate Easter Monday with music and more
5 hours -
IMANI flags procurement issues in Ghana Gas insurance switch
5 hours -
Kaneshie footbridge rehabilitation to take up to 9 months — AMA
5 hours -
AMA confirms trading will be banned on Kaneshie footbridge after rehabilitation
5 hours