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Business News Sat, 12 May 2007

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Many shop owners unable to convert figures into new Ghana cedi

Ho, May 12, GNA- Many shop owners in Ho have not displayed the conversion of the current denominations into the new Ghana cedi as directed by the Bank of Ghana.

They claimed they were finding the conversion difficult in the absence of brochures as guides.

As a result many could not display prices on their goods in both the old and the new Ghana Cedi.

They expressed dissatisfaction about radio and TV advertisements on the re-denomination exercise and said they were not educative enough. When the Ghana News Agency (GNA) went round major shops and supermarkets in the town, only Heve Supermarket, on the Polytechnic road had displayed prices in both the old and new denominations. Many appeared unaware of the directive to start displaying prices in both denominations from May this year prior to the commencement of the exercise in July.

Some told the GNA that the radio and TV advertisements were not explanatory enough and that they only add up to their confusion. They therefore, requested the Bank of Ghana to provide pamphlets and leaflets to guide them gradually for a successful changeover to the new Ghana Cedi.

Source: GNA

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