- YEN.com.gh conducted a social experiment on the usability of the new ¢200 note at Madina market
- The result shows that most of the traders and market women did not desire the new currency
- There were a few people who loved it and also gave their reasons for taking the stance
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A social experiment organized by YEN.com.gh to test the convenience of the new 200 cedis notes in an everyday market with everyday people has unveiled unbelievable revelations.
Countless numbers of the traders, vendors and market women at the Madina market rejected the new notes completely, citing numerous reasons why the latest denominations are very unusable to them.
It would be recalled that the Bank of Ghana introduced 200-cedi and 100-cedi notes as well as 2-cedis coins as new denominations.
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Watch the video below:
Most of the everyday market men and women found the huge denomination very undesired, stating a number of reasons.
Many said that the note was simply too huge to change. According to a good number, their entire daily sales do not amount to even 200 cedis, let alone having enough funds to change it for customers.
Others indicated that their suppliers reject huge notes all the time. A particular woman said that whenever she goes to buy her stock with even 50 cedis, it takes a great deal of effort for her suppliers to accept the note.
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To her, the 200 cedis note is a no-go-area and she would not accept it even if she had enough many to change it for a customer.
Another group of people found the notes very undesirable because their activities involve money changing hands several times and on many occasions, they misplace the notes.
Their biggest fear is to have a 200-cedi note and lose somewhere. For that fear alone, some of the traders say they would not accept it for any reason.
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There was also another opinion that the note seemed like the 1-cedi note and could be easily mistaken for it.
Their biggest fear is to have a 200-cedi note and los somewhere. For that fear alone, some of the traders say they would not accept it for any reason.
A middle-aged lady who was selling 'wele' said she could easily change the denomination if any buyer came to her with it.
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According to the 'wele' seller, she does not find any problem carrying the note around because it even makes life easier for her by reducing the volume of the money into a small note.
In other news, Rosemond Nkansah the 1st female police officer in Ghana has had a grand party to mark her 90th birthday
Top-notch individuals in the police force, as well as retired colleagues of Rosemond, were there to grace the occasion
Rosemond was the lady who fought for women in the police force to be able to get married, as the law did not permit that previously.
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