According to Bank of Ghana, these notes would be replaced by their respective coin.
Peace FM has reported that the Governor of the Bank of Ghana, Dr Ernest Addison said, "Both the GHC1 note and the GHC2 note would eventually be phased out because they are not cost-effective in terms of the printing cost.
Notes that circulate very widely and they come back very torn and soiled and they are very difficult for our currency processing machines to process them."
Ghanaians reacting to the news stated that the managing editor for insight news paper, Kwesi Pratt Jnr said it in the past that Bank of shall phase out those currency because of Nkrumah's image on it as some people said Dr Kwame Nkrumah isn't the founder of Ghana. People are happy to see that happens but don't want Dr Kwame Nkrumah's head goes missing on the currency notes in the country.
"Very laughable indeed! Kwesi Pratt really said it. This government is intensionally phasing out any cedi note that has Nkrumah's head on it and this is the excuse" someone reacted when peace FM disclosed the news to the public.
Another Ghanaian reacted by saying: I'm even happy they will be phasing out because the way and manner some Ghanaians are treating the 1ghs and 2ghs paper notes is disheartening. "Stew kakra, sweat kakra, oil kakra, soup kakra soiled all over it as for the smell koraa de3 I can't describe it. Is a whole lot" he added.
"Hmm it’s funny how this government hates Nkrumah passionately. They are getting rid of the notes that has only Nkrumah photo on it and inflict deep financial problems in the country" another Ghanaian sadly reacted.
Some people believe that phasing out the ghc 1 and 2 is "all because of Nkrumah portrait but Nkrumah never dies".
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