The Graphic Sample of a Ghc500 Note has been circulating on social media with several people posting their concerns and reacting to it. The note has all former presidents of the 4th Republic on it including the Incumbent President Nana Addo Dankwa Akufo-Addo placed in the Middle with former President John Kufour being positioned at the button corner.
Early today joy business news report how the Ghana cedi is competing in the market and per their report it was seen that Ghana cedi is depreciating against any other currencies. The report shows the rapid rise in Dollar, Euros, and Pound Sterling which is sad news for Ghana because Ghana has a country, imports more than exports, and this will increase the price of goods and services which the average Ghanaian might not be able to afford.
It was a feisty morning on Onua TV’s Morning Show today, Monday, August 23, 2021. On Onua Maakye, Captain Smart poured his frustrations out on the country’s leaders. Ever since Captain Smart took over the morning show he has pulled a strong audience to the station and has warmed a lot of hearts with his bold and versatile attitude in discussing affairs that affect the nation.
The English Language tends to be a dialect that is very easy to become conversant with, be that as it may, there are certain rules that govern the language and should always be observed. We sometimes commit mistakes that often go unnoticed for a very long time_ it becomes the norm until someone with the needed knowledge makes the necessary clarification.
Vice President, Dr. Mahamud Bawumia, has won the admiration of many including those who oppose his political linens for the manner he has carried himself since making the foray into partisan politics prior to 2008 elections. He has brought substance to partisan politics with the way and manner he has articulated policies and programs whilst in opposition and even now as he plays very significant roles in the current government.
One of the biggest wish of Ghanaians is the rise of the Cedi against the Dollar. But it seems not coming to light. The Dollar is always increasing whiles the Cedi remains low. Today, a new rate of the dollar has come as against that of the Cedi.
The Bank of Ghana is set to replace 1 cedi and 2 cedis notes with coins as a means to ensure there is cost effective in the printing of the one and two Cedis denominations which the parent bank suffers to print always and circulate in the system. Poor ways of handling the currency had amounted the decision of BoG to phase out the paper forms of currency only for the 1 and 2 Cedis papers respectively.
Following an announcement by the Bank of Ghana (BOG), to phase out the 1 Cedis and 2 Cedi notes from the system, there has been mixed reactions reac reactions from the public. According to the Governor of the Bank of Ghana, Dr. Ernest Addison , the Central Bank plans to phase out the two notes from the system in the coming Months.
A photo of a Ghanaian currency has been circulating all over Facebook and twitter. The reason is people are surprised as to how a money could look like. Looking close at the currency, the top right corner of the money has a protruded edge. This shows that the paper has extended from the original dimension of the currency.
Residents of Delta pulled off a big catch after capturing a gigantic catch fish.As seen in the video shared, the gathered together to drag the fish out of the water and the joy on their faces speaks a lot.This is coming months after a fisherman caught a fish worth millions of Cedi and ate it with his village people.
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The African dancehall king, Shatta Wale has returned back to social media after taking some break last month.In April, the dancehall giant wiped out all his Instagram post leaving only about three posts which reads "I Will Be Back". Shatta Wale has recently returned back online will cool photos of him rolling in a white Rolls Royce Cullinan.
Quamina Mp in an interview with Kwame Oboadie on After Hours on Adom TV, he gave a retrospect on his past life to his current life. One part which was touching was when he said he used to live on 20 Ghana cedis for a whole week. He said his father was the one who gave him this money for the week.
Ghana is currently in GH¢ 334.6 billion dept -Economist says each Ghanaian owes GH¢11,133 out of this dept -There are fears the country could plunge into a dept crisis The international Monetary Fund - a global lender to Ghana - says the country is in debt. Recent statistics from the IMF show at ghanaians depth is currently GH¢ 334.6 billion cedis.
One cedi and two cedi notes is one of the Ghanaian currency people in the country use most. A lot of people normally are seen holding this notes more than the other notes. Market women who sells fish , charcoal etc at the market are seen mostly handling this note since it serves as change given to their customers when they buy something.
Local consumable food traders in Accra have raised their voices over the importation of some food products that have come unto the market from foreign countries. They claim this move by some unknown businessmen is going to affect the rate at dollars are used in transactions in the country, and put pressure on the already subsidized Cedi on the trading market, cripple the local producers and manufacturing businesses which are already in tatters, and kill the taste of the citizens for locally manufactured foodstuffs on the market.
The people of Ghana in the olden days were using shilling, cowry shell and pounds as a means for the exchange of goods and services. This money was used by the people until Kwame Nkurmah introduced a new cerrency called Cedi. The word Cedi originated from the Akan for cowry shell, which were formerly used as currency in the Gold Coast now Ghana.
Ghana is known for changing its currencies. Have a look at currencies used in the olden days and now
The West African Currency Board was responsible for issuing currency prior to independence (WACB).The West African pound, shillings, and pence, all of which were in use in Ghana until July 1958, were allocated by the Board.Ghana's second currency issue arose in early 1965, when the nation decided to abandon the British colonial monetary system in favor of the widely accepted decimal system.
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The Ghana cedi valued by 0.4% to the dollar in the initial five months of this current year, as per information from the Bank of Ghana. It additionally expanded in worth to the euro by 1.0%, however deteriorated by - 3.3% to the British pound.