Ghanaians upset with Nkrumah over old GHC100 note
- Old versions of Ghana's currency have appeared online and sparked mixed reactions from some social media users
- Photos of the currency used in circulation during the time Dr. Kwame Nkrumah served as president showed GHC1 and GHC100 notes
- Some social media users have expressed their opinions about the photos and the information that came with them
Without doubt, Ghana’s currency units, the cedi and the pesewas, have evolved overtime, resulting in the present features.
Economic factors such as inflation often compel a government to introduce new currency units.
Photos of old versions of Ghana’s currency have surfaced online and some social medis users are upset with the first president, Dr. Kwame Nkrumah.
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YEN.com.gh understands that Ghana adopted the Decimal system in the year 1965 and this replaced the British Colonial Monetary System.
Per a report by Ghana the Black Star of Africa, the ‘cedi’ notes and the ‘pesewa’ coins were introduced into circulation on July 19, 1965.
This therefore replaced the Ghana Pounds, the Shillings and the Pence.
Some social media users expressed mixed reactions about how Ghana’s currency has evolved till date:
Sarpong believes that time was the beginning of Ghana's downfall
Quaicoe noted the revelation made him sad
To Owusu, this was the only mistake Nkrumah made
Darko now understood the meaning of cedi ntoma
In other news, over 20,000 people met to have fun, and in the words of the promoter, Adesegun Adeosun Jr, to
The event was couched as a festival to celebrate Africans in the diaspora and had performances from stars from Ghana, Nigeria, Tanzania, Jamaica, the United States and the United Kingdom.
Adeosun Jr, also known as SMADE, reveals that the concept for the event was discussed in May 2018 and was birthed out of a desire to create an unforgettable experience.
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Source: YEN.com.gh
