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17.04.2007 General News

Public Forum On Re-Denomination Of Cedi Held At Abuakwa

By GNA

A public forum on the re-denomination exercise has been held at Abuakwa in the Atwima Nwabiagya District of the Ashanti Region.
The forum organised by the Atwima Nwabiagya District Directorate of the National Commission on Civic Education (NCCE) was attended by Chiefs, Heads of Departments, Traders and Opinion leaders, among others.


Speaking at the forum, Mr Bismark Nana Yaw Kwabia, the District Director of the National Commission on Civic Education (NCCE), called on the Assembly and Unit Committee Members as well as Opinion leaders to assist in the education of the people on the exercise to help achieve the desired goals.


He explained that when the exercise takes off in July the present currency and the new note would both be legal tender for six months and therefore urged the public to report anyone particularly traders who refuse to accept the old cedi-notes.


Nana Yaw Kwabia reiterated that the exercise was aimed at ensuring safety with regard to the handling of large sums of money. He urged traders to endeavour to quote prices of their goods in both the old and new currency and to accept which ever note was giving to them during the first six months of the introduction of the new currency.


Mr Thomas Ofori Donkor, the Atwima Nwabiagya District Chief Executive (DCE) on his part said the Government has attached great importance to the re-denomination exercise and warned that anyone who refuses to accept the old notes would be arrested.


He explained that even after December 31 when the present currency would cease to be legal tender, it could be sent to the banks in exchange for the new currency.


Nana Akosa Brempong the II, Abuakwahene, who chaired the function called on the Bank of Ghana (BoG) to come out with the specimen of the new currency as part of the educational campaign on the re-denomination exercise.

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