A commercial lawyer, Nana Asante Bediatuo says insisting on payments for goods and services in foreign currencies in the country is unlawful.
He said it is illegal and criminal for any business, agency or institution to demand payments in foreign currency without any exemptions.
Nana Bediatuo’s comments were in response to reports that the Ghana Airport Company in Kumasi refused to accept payments in the Ghana Cedi.
Instead, the company insisted on receiving money in dollars.
A businessman who pleaded anonymity said the company refused to accept the cedi equivalent of $5,000 dollars in lieu of services rendered him.
“The bill is in dollars but we don’t have dollars at the moment so we called them up to see if they could give us an exchange rate so we could pay them in (Ghana) Cedi, we spoke to the accountant and he insisted they are not going to accept cedis for payment…even though we are in Ghana our currency is the Ghana Cedi.”
Management of the company have declined comment on the issue.
But Nana Asante Bediatuo told Joy News’ Evans Mensah the action of the company is illegal.
He wondered why the company was violating the Bank of Ghana directives that organisations and businesses should desist from using foreign currencies to do business in the country.
Story by Malik Abass Daabu/Myjoyonline.com
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.
Tags:
Latest Stories
-
PUWU hoists red flags nationwide over gov’t plan to privatize ECG and NEDCo
6 minutes -
Kwame Yesu’s latest project blends raw emotion with rap precision
1 hour -
Court remands Mobile Money robbery suspect into police custody
2 hours -
BIDEC and Ghana Dance Association engages Ghana Tourism Authority on dance tourism
2 hours -
Ghana pushes forward with National AI policy through multi-stakeholder engagement
2 hours -
Mahama pays tribute to late Pope Francis
3 hours -
W/R police clamp down on crime: Suspects arrested for vehicle theft, gold robbery, galamsey
3 hours -
This Saturday on Newsfile: Chief Justice suspension and galamsey take centre stage
3 hours -
GIMPA GRASAG inaugurates study rooms, business centre to support academic work
3 hours -
Be circumspect with selection of new investors for Damang Mine – ACEP to government
3 hours -
Chieftaincy Institution in Ghana at a Crossroads – A Perspective by Andrews Kofi Anokye (KOANS)
4 hours -
Offinso highway robbery: Police mount hunt for killers of bus conductor
4 hours -
‘We will fish him out’ – DCOP Teye-Cudjoe vows to arrest soldier behind Nyinahin shooting
5 hours -
Traditional leaders laud AngloGold Ashanti’s youth dev’t initiatives in Obuasi
5 hours -
Cyra Pamela Koranteng resigns as Judicial Secretary, deputy elevated
5 hours