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National

Protect the cedi- BOG

The Bank of Ghana has been urged to take measures to protect the creditability of the new Ghana Cedi which was introduced last month. Mr Derrick Owusu Ambrose, Senior Pharmacist of the Agona Swedru Government Hospital, noted that the rate counterfeit notes of the currency had begun circulating and called for a national exercise to arrest the situation before the Ghana Cedi was discredited. Mr. Owusu-Ambrose, who is also a member of the Assin South District Assembly said reports of two arrests in Takoradi and Tema for printing fake notes of the currency should make the people wake up to help in arresting culprits. "Considering the huge sums of money spent in printing and education on the re-denomination of the cedi, all Ghanaians should constitute themselves into a watchdog over the currency," the Pharmacist said. "If we do not nib this unpatriotic activity in the bud, our neighbouring countries would not recognize our currency," he stated, saying, "In such a situation trade with countries around us will suffer and affect the economic well being of the sick in Ghana. Source: GNA

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.