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Bank staff having tough time as redenomination begins
Accra, July 3, GNA – Bank staff at the tellers are having a
tough time dealing with the large number of customers who
have lined up in the banking halls to transact business as
the redenomination exercise began on Tuesday.
A number of banks on the Osu Oxford Street, Labadi and Ring
Road that the Ghana News Agency visited were full with long
queues in the halls as well as at the ATMs. The tellers were
constantly helping customers out with the exact amounts they
were to cash.
The GNA found that a number of customers had not taken the
education on the conversion seriously and were finding it
rather difficult with the corresponding amounts they were
cashing.
There were customers who had just come in to change their
old notes for new ones while some were also just there out
of curiosity.
Customers were highly impressed with the looks of the new
notes and coins saying, “now, we also have nice and well
sized notes such as the Euro or the dollar”.
The Bank of Ghana on July 1, 2007 introduced the new Ghana
Cedi, which would over the next six months replace the
current notes. It gave reasons such as high transactions
costs, bulky sizes of the notes and security.
He new notes will circulate side-by-side with the old notes
until the end of the year when it could be changed in the
banks.
GNA
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