Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has revealed that Banks in the Country and Ghanaians did not receive any notice and sensitization on the introduction of new ¢100 and ¢200 notes.
He said “Is it because somebody just prints the notes so that he gets his kickback or agent fees or something because otherwise, it doesn’t make logical sense”.
Speaking at the 38th-anniversary celebration of the 31st December Revolution at Winneba, Mr. Mahama said “You cannot understand what reason in hell would make any government thinking logically do something like that. You want to make it easier for people to carry huge sums of cash when we say we are building a cashless society,”.
The central bank in November 2019, introduced ¢100, ¢200 notes as well as a ¢2 coin as part of the country’s denominations, a development it believes will ensure customer convenience, reduce high transaction and printing cost as well as currency management.
The government last week announced its readiness to soon swap the cedi for the new single ECOWAS common currency, the Eco when trading within the ECOWAS region.
Ghana believes the adoption of a single currency market will help remove trade and monetary barriers, reduce transaction costs, boost economic activities and also raise living standards.
Source: Kofi Atakora
