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13.04.2007 General News

ISD intensifies public education on re-denomination of Cedi

By (ghanaian-chronicle)

THE INFORMATION Service Department (ISD) in the Asante Akim District has embarked on an intensive public education on the forthcoming re-denomination exercise scheduled for July this year.

Some of the areas the ISD visited were Dwease, Praso, Boatengkrom, Nsiakrom, Patrensa, Nyeboo, Bima, Obenemase, Ahyiaem, Odumasi, Akrantebåsa and Konongo.

Mr. Dickson Adjuoman, the Konongo District Information Officer who was among the educators, in an interview said that the bold step taken by the Bank of Ghana and the government by introducing the re-denomination was laudable since this would go a long way to enhance greater efficiency in the system.

Mr. Adjouman, emphasized that the nitty-gritty of the re-denomination should be embraced because, “the fundamentals were showing the micro-economic stability and the gradual reduction of the rate of inflation in the country.” Intensifying public education on the concept was therefore essential, since people particularly in the rural and urban areas needed to be taught about the effect and impact on the economy”, he noted.

Asked about the attitude of the people towards the conversion process of our local currency into new GH Cedis and Pesewas, he said the people had embraced the change and also commended the Central Bank and the government for instituting such a programme. “They also called for greater public education on the re-denomination in the remotest part of the country, especially those in the fishing and cocoa growing areas to avoid being cheated by some educated elites,” he stressed.

He called on stakeholders, opinion and religious leaders, public institutions, teachers and peer educators to join hands in educating the public on the need to discard all negative notions associated with the conversion exercise.