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Absence of coins counting machines remain a major headache

Wed, 11 Jul 2007 Source: GNA

Akyem Oda, July 11, GNA - Ten days after the introduction of the new currency by the Bank of Ghana (BOG), the absence of coins counting machines remains a major headache for almost all the banks in Oda. The banks have since the introduction of the new currency been counting coins using the manual system and this has proved to be time consuming and difficult.

This delays transactions at the banks and has been a major bother to customers.

A visit to almost all the major banks in Oda by the Ghana News Agency revealed that none are of them is using coins counting machine. Among the banks visited by the GNA are Akim Bosome Rural Bank, National Investment Bank (NIB), Barclays Bank, Ghana Commercial Bank and SG-SSB.

Information gathered by the GNA revealed that one of the banks rejected an attempt by a customer to lodge 4,000 GHC all in coins after withdrawing it from the Ghana Commercial Bank.

An official of one of the banks who wants to remain anonymous told the GNA that the situation was creating problems for the banks and appealed to the Bank of Ghana to ensure that more of the notes especially One GHC are put into circulation.

The official said the rejection followed some customers' refusal to accept large quantities of coins. However the initial rush for the new currencies has died out as transactions in most of the banks have returned to normal. 11 July 07

Source: GNA