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
-
BoG rejects market speculation, emphasises data-driven policies
1 hour -
BoG targets consolidation, discipline in 2026 policy direction
1 hour -
GJA-Ashanti commends EPA’s continuous engagement with journalists who were involved in accident
1 hour -
Wenchi needs development, help us – Chiefs to Aseidu Nketia
1 hour -
EPA boss encourages journalists not to relent in their support to fight galamsey
2 hours -
Domestic Gold Purchasing Programme helped Ghana’s economy during difficult period – IMF
2 hours -
Ike City Group of Companies touches hearts at Dzorwulu Special School with compasionate donation
2 hours -
Vehicle exhaust pipes on the left create about 40% more pollution on the road than those on the right – Study
2 hours -
My Response to Dr Bryan Acheampong: Facts must prevail
3 hours -
U.S. and Ghana Armed Forces strengthen medical readiness at SETAF-AF Best Medic Competition
3 hours -
Earlier passage of BoG’s Amendment Bill could have prevented haircuts – Dr. Asiama
4 hours -
Economic stability gains were hard-won through discipline and institutional effort – BoG Governor
4 hours -
GCB Bank rewards customers at first “Pa To Pa” Promo Draw
4 hours -
EC sets March 3 for Ayawaso East by-election
4 hours -
Call for Applications: WikkiTimes launches Anas Aremeyaw Anas AI fellowship
5 hours
