The most popular Ghana cedi note, the '1 Ghana', together with the 2 cedis will die soon. They will be phased out gradually till they are no more. These two denominations will be replaced by the ¢1 and ¢2 coins, respectively. The Bank of Ghana governor says.
Ghanaians, as usual, began expressing their opinion on the matter since the news broke out yesterday, with many coming strongly against the decision.
On the part of the decision makers, i.e., the government and the central Bank, it is a cost-saving policy.
“These are 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. We have bales and bales of ¢1 notes that we are not able to process”, Dr. Addison said.
The above reason has been outrightly rejected by many.
But, others had a weird theory behind this whole changing of a paper note into a coin. They were blunt with it. These Netizens claim they have seen through the tricks of the NPP government. According to them, the policy is a Machiavellian tactic to take away the only cedi note that eulogies the first President of the republic of Ghana, Osagyefo Dr. Kwame Nkrumah.
The 2 cedis note is the only denomination that has the portrait of only Kwame Nkrumah boldly embossed on it.
This note was introduced by the Atta Mills government in June 2010 to commemorate the centenary birth of Ghana's visionary leader.
It seems to these people, that, the apparent hatred of the Busia-Danquah tradition toward Nkrumah is what is about to be extended by phasing out the note. The addition of the one Ghana cedi, they say, is just a decoy.
Well, for now, this conspiracy theory is gaining ground simply because, the Bank of Ghana's justification is flawed. Until a truer and a more tangible reason is advanced, many will believe this assertion.
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