Protect creditability of cedi - BOG urged

Agona Swedru (C/R), Aug 3, GNA - The Bank of Ghana has been urged to take measures to protect the creditability of the new Ghana Cedi introduced last month.

Mr Derrick Owusu Ambrose, Senior Pharmacist of the Agona Swedru Government Hospital, noted that the rate counterfeit notes of the currency had begun circulating called for a national exercise to arrest the situation before the Ghana Cedi was discredited.

Speaking to the Ghana News Agency at Agona Swedru, Mr. Owusu-Ambrose, who is also a member of the Assign South District Assembly said reports of two arrests in Takoradi and Tema for printing fake notes of the currency should make the people wake up to help in arresting culprits.

"Considering the huge sums of money spent in printing and education on the re-denomination of the cedi, all Ghanaians should constitute themselves into a watchdog over the currency," the Pharmacist said and called for the day trial for those caught engaging in the practise.

"If we do not nib this unpatriotic activity in the bud, our neighbouring countries would not recognize our currency," he stated, saying, "In such a situation trade with countries around us will suffer and affect the economic wellbeing of the sick in Ghana.