Since the Bank of Ghana (BoG) hinted at eliminating the circulation of some cedi notes, Ghanaians' reactions have been mixed.

According to the central bank, the ¢1 and ¢2 notes will gradually be phased out due to the poor handling of the notes.

The Bank says this makes it expensive to print new notes.

Governor, Dr Ernest Addison, explained on September 27 that the two denominations will be replaced by their coin equivalents, respectively.

"The view for the longer term is to more or less get the ¢1 and ¢2 notes and use the ¢1 and ¢2 notes coins," he said.

A cross-section of Ghanaians have made their stance known about the possible implication on their day-to-day transactions on social media.

Phasing out doesn’t mean it’s gonna be banned from being used. It simply means it’s getting replaced by it’s coins equivalence. Simple

Bank of Ghana pic.twitter.com/xXCHZobjw3

— Her Excellency (@1daisie) September 28, 2021

So ask Bank of Ghana dey want take 1&2 cedis note out Which money do they want me to spend on KoKo

— F E A R NO EVIL (@1innocentbitch1) September 28, 2021

Bank of Ghana wants to phase out the 1gh and 2gh paper notes from the system. We will only use the coins

That mean, they will print more coins into the system to replace the phased out notes.

Some people are about to cash out big

— EvAnS Ne-Yo (@Evans_NeYo) September 27, 2021

Bank of Ghana phasing out the 1 cedi & 2 cedi notes for Coins will cut down the cost. Printing is expensive and then there is the risk of duplicates.

The correlation of that with an increase in cost of living is debatable since we're already using the denomination of the coin

— N.B.A (@Boakyewaa_N) September 28, 2021

If Bank of Ghana take out the 1gh and 2gh notes the coins will lose value in a short time…very soon we go buy 1 Sachet water with 2gh coin.

— Don (@Opresii) September 27, 2021

"Bank of Ghana to stop printing GHC1 and GHC2 notes soon"

Gh Pastors: pic.twitter.com/IDb17mR0Fq

— Dr. Mm)le Koko (@wagyimianaa_) September 27, 2021

If they won’t print 1 cedi and two cedi notes what will happen to products that cost less than 5 cedis?

Well, the bank of Ghana advises that you go to such shops with a bag full of cowries and salt for barter trading…

— Master Chief Billy Sunday (@theakyemmafia) September 27, 2021

Face out 1 and 2 cedis will move up the costs products in that zone to 5 cedis. It’s not just the face value but psychological value. Cost of living going up brothers and sisters. We haven’t been demanding transparency from Bank of Ghana. They have become gods in this country

— Dr. Kobby Mensah (@thePOE_T) September 28, 2021

If bank of Ghana wan komot the 1gh and 2gh notes faster make dem take give investors kwatakwata by Saturday de3 na e finish

— K a k a p 3 (@saaheneasiamah) September 28, 2021