General News of Monday, 6 January 2020Source: citinewsroom.comMinority rubbishes BoG’s reasons for introducing new cedi notesA look at the new currencyThe Minority in Parliament has discredited the Bank of Ghana’s recent justification for the introduction of the new cedi denominations. The Minority, however, said the BoG’s opposition to John Mahama’s comment was out of place as Mahama only reechoed the sentiments of many Ghanaians. The Former President has legitimate responsibility to comment on issues of national interest and only emphasized the need for adequate sensitization and to always follow laid-down procedure in introducing new currency notes in order to preserve confidence in such notes. Unfortunately, last Friday’s reaction from the Bank of Ghana still mentioned reasons such as deadweight burden in carrying large sums of money. The Minority wishes to reiterate the point made by the Minority leader that, the introduction of the higher value notes would be thoroughly investigated by the next NDC government.

Source: GhanaWeb January 06, 2020 12:22 UTC