Bank Of Ghana's Directive To Ghanaians To Stop Using Cedi Notes As Money Bouquet Sparks Reactions
- The decision by the Bank of Ghana to ban the use of cedi notes for money bouquets has sparked wide reactions from Ghanaians
- Supporters of the directive say the move is long overdue adding that it would lessen the burden on many people
- Critics of the directive have also appealed to the Central bank to focus its energy on more pressing matters of national concern
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Mixed reactions have greeted the decision of the Bank of Ghana (BoG) to ban the use of cedi notes for money bouquets and hampers.
Ghanaians in their reaction to the announcement are spilt in their opinion over the decision of the Central Bank.
Ghanaians react to the directive by BoG
Proponents of the directive say the move comes at the right time as it would save people from incurring huge losses in their attempt to appreciate loved ones on a special day.
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they can't tell us what. to do
Policy rate is 29.5% and this is your worry? Eeeeiiii, naaa we are not serious
On the other hand, critics of the directive have also opined that the Central Bank can not determine the way and manner in which people should spend their money.
Others also said that the BoG should focus on pressing issues of national concern rather than meddling in the affairs of Ghanaians.
always expected this BOG to condemn is the throwing around of money for showmanship. We wait till something is destroyed before we try to fix it. Smh.
Masa stop carrying about how I spend my money waii ogam
Kindly attach punishment to it for us , some people will still involve in this
BoG bans the use of cedi notes as money bouquet
Earlier YEN.com.gh reported that the central bank has banned the use of cedi banknotes as bouquets and hampers, which is popular among the public as gifts on birthdays and other occasions.
The Bank of Ghana revealed that the use of high and low-denomination banknotes for “money bouquets” or “money hampers” as they are called locally spoil or deface the cedi notes.
He said the use of cedi notes for gift bouquets and hampers flout existing policy on Ghana's legal tender. He explained further that the defaced cedi banknotes are replaced at a high cost.
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