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13.02.2009 Business & Finance

Public reluctant to accept One Pesewa coin


The One Ghana Pesewa coin,

which was introduced as part of redenomination of the country's

currency in 2007 is not easily accepted among the public either for

purchases or change, a survey has revealed.
The survey, mainly public opinion sampling on the

acceptability of the One Pesewa coin, conducted by the Ghana

News Agency (GNA) further revealed many instances where some

buyers prefer to let vendors keep the coin, rather than to collect it

as change.
In few instances, some people even refuse to accept the One

Pesewa coin as legal tender, a situation which requires prompt

action from authorities to step up education to drum home the fact

that irrespective of its value, the coin remains a legal tender.

Some people who spoke to the GNA advocated the withdrawal

of the coins from circulation, saying its continuous use as a

medium for the transaction of business might create problems.

Mrs. Margaret Asante, a shop owner who supported this

assertion, said though she accepted the coin from her customers,

it was always a problem whenever she issued them as change to

She said she was keeping a box full of One Pesewa coins

rejected by customers and urged Government to initiate steps to

address the problem.