Wednesday, April 25, 2007
Techimanhene advises Ghanaians on redenomination of cedi
THE Omanhene of the Techiman Traditional Area, Oseadeeyo Akumfi Ameyaw VI, has stressed the need for Ghanaians to start saving with the banks before the re-denomination of the cedis begins.
He said there was no need for people to carry along huge sums of money into the banks to change during the exercise, since that would defeat the smooth transfer of the old currency to the new.
Oseadeeyo Akumfi Ameyaw, who is also the Deputy Brong Ahafo Area Manager of the Ghana Commercial Bank (GCB), made the call through the Daily Graphic in Techiman on Sunday.
He said the advice had become necessary as crooks would take undue advantage of that to exploit people who carried large sums of money to the bank during the re-denomination exercise.
“Armed robbers who see people carrying huge sums of money to and from the banks will also chase them and deprive them of such big money thereby making the victims, who had toiled for the money, poor,” he stressed.
Oseadeeyo Akufi Ameyaw advised the people, especially the rural dwellers, not to give their money to be changed for them but should do so themselves at the banks.
He reminded the general public that the value of the old currency would be the same as the new one, adding that the both currencies would be of legal tender for sometime before the latter would withdrawn from circulation.
Daily Graphic - Wednesday, April 25, 2007. Page: 21